-- 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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Oh, to be a career AFSCME employee!
I was once a union employee and had I missed three days without a letter from my doctor, I would have been out on my ear. But, then again, it was a private company and our jobs were essential to production. That doesn’t apply to government work, now, does it?
I work in business end of an industry with unionize workforce ( im not in union). They are hiring and firing workers all day long. Days off without discipline?? But mostly its cutthroats competive business—if there’s no jobs there’s no work, if you suck at your job your gone in 2 seconds….NO PROMISES, NO GUARANTEES
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It’s another world for union government employees. Another world altogether.
Sickening. I also assume afscme employees can miss 10 days without discipline and still get paid?