-- 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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I love Board president Szczupaj! No worky, no salary, no insurance. How can you argue with that? And the union response is laughable. It’s ok for these workers to hold the school children hostage by going on strike but when the school district says they won’t pay them for striking, boy are they pissed. What hypocrites. Why people send their hard earned dollars to big unions with big salaries is beyond me but now the union members have been brainwashed to a point that they think they deserve a salary and benefits even when they don’t show up to work.… Read more »
The overpaid educater monopoly took a shot at the bureaucracy, the bureaucrats fired back. No sympathy from the public. Thank you, have a very blessed Christmas.