-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Fred and others like him are the reason this state is broke. Absolutely no extra pay for sitting at home all year. This is a joke right??
And what will you give to the children–a poor education–will it be enough money to go out on strike again?
One area states are allowed to spend ARPA funds on are–“give premium pay to essential state workers and grants to employers of essential workers”. Does this open the door to what nutter klonsky’s advocating for? or lead to $$HAZARD PAY$$ payouts for are work from home upperincome pulic sec heros? Equity for who??
Fred Klonsky and his relative Joanna who works for Lightfoot and Durbin are both communist sympathizers. They are a joke.
He thinks teachers were the only ones that went above and beyond? What a clown. Btw, aren’t most teachers getting stimmy checks? Why would anything further be necessary?
I’m so sick of these teachers and administrators sitting home for almost a year and a half give me give me more please. I have 3 grown children one daughter is a firefighter paramedic a son in the military active duty overseas and my youngest gal a RN and not one of them receive hazard pay, if anyone should receive this type of pay is are first responders and are military personnel.
How about the opposite – don’t count the last year towards retirement? After all it was not the teachers, but rather parents that taught them….heroes…. fought tooth and nail NOT to Go to work