-- 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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CPS’s big mistake was accepting the validity of the TRO order but saying that it doesn’t apply to them because of collective bargaining.
Now here’s the thing: teachers’ unions can’t bargain away children’s’ constitutional rights.
That’s a huge, glaring whole in CPS’s argument.
I hope someone is held in contempt of court and goes to jail for a day or two.
Jail is the only way our leaders and public officials will ever be accountable for their actions because they fear nothing else.
Someone should go to jail for much longer – the mental games they are playing with kids is despicable. Kids are being blamed and held accountable for a pandemic clearly brought upon the US by a corrupt government and subsequently fostered by selfish adults.