-- 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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An easy way of detecting what groups are affiliated with each other is to check their mailing address. United Working Families is located at 2229 S Halsted in Chicago. That’s the same address as SEIU HealthCare.
This is all about asfcme trying to get there jobs back when rahm closed the clinics and transfered mental health services to private & non-for-profit providers. Isn’t United Working Families just a pay-o-la front for when unions need some fake community protester types to show up as backdrop people, weather its ctu, seiu, asfcme, or xyz?
Thanks for that comment, didn’t know which union was behind this. I don’t know enough about this to understand if we need more clinics or not but don’t we have state, county, and city mental health departments that can be consolidated/eliminated.
United Working Families is a CTU/SEIU production that serves as a way for both of them to double down on political contributions to their preferred candidates and create a banner for their paid-for community groups to march behind.
Wonder if the paid for protesters are maken union scale?