-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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CTU is a political activist group, and should be designated as such. They stopped being an education labor union years ago. CTU doesn’t care about students or education. They are about power and politics only. Chicago students need a real teacher’s union who are about fighting for improving education.
And that’s how we have that idiot in the mayors office.
It is legal bribery, the CTU is a kind of mafia extorting the taxpayers.
Does anyone think they will support TED, no chance in hell they will support a fiscally responsible candidate.
Not only does Chicago have the most gang members of any city in the US, it also has the most con artists of any city. That’s my theory anyway. CTU perpetrates a huge con job on the taxpayers. Money from taxpayers is drained, and CTU delivers little to zero in return.
Horrendous. I guess what the Politburo wants, the Politburo gets.