-- 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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““We’re being investigated because we make improving the education, communities, and lives of our Black, Latine, and largely low-income student body our first order of business,” said the CTU leaders’ update.” If this is the case then why are test scores down?
Hopefully lawyers are not far left and will be objective and follow the law. Kamala’s husband’s law firm reviewed the Clinton foundation and found nothing. What a joke.
I hope they do the deep dive and not some superficial shit. This is when we go for throats.
What does that look like? Even if they found fraud and corruption they would just arrest the wrong doers and the union would just hold another election with new officers. Even if you could disband CTU completely, the teachers would just form CTU 2.0 and hold elections to decide new leaders. Nothing will come of this where the teachers won’t be able to vote for their union representation and collectively bargain as is their constitutional right.
Here you go PPF.
Yes, federal authorities can act against corrupt public sector unions, often using the RICO Act. While the government rarely fully “disbands” a union, it can impose trusteeships, force out leadership, or mandate court-appointed oversight—as seen with the UAW and Teamsters—to eliminate corruption and racketeering.
Thanks for the AI answer. Sure, impose “trusteeships” all you want. They could also ban certain people from ever holding a union office. However, nothing prevents those teachers from forming CTU 2.0 and electing new leadership under a new union charter. Even if you were to get the federal government to gain oversight, you couldn’t stop teachers from just forming the new union.
Nothing would change. Not sure what some of you think would happen but it appears to be more fantasy.