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.
if the replacement workers receive nothing more than the union workers receive, apparently what they are asking for is excessive and let them be replaced.
What on earth does Giannioujalis’s office have to do with ISU trash? What a pompous jerk. He doesn’t know a thing about what the parties are negotiating over. As a past negotiator for a public employer, that pap he’s putting out about always being able to reach a satisfactory agreement is garbage. If one side makes up its mind that it has to have some unreasonable provision in the contract, settlement is difficult or impossible. And the taxpayers are going to foot the bill for everything extra ISU puts on the table, not that Alexi cares; he’s too interested in… Read more »