-- 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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With millions of us private sector chumbalones out of work or at work dealing with public like low pay retail workers, its so good to see our new president setting an equitable doulde standard for our upper income/ zero layoff/zero risk–ctu teacher heros. Supposedly working hard from home? All there demands to come out of us taxpayers pockets, locally or nationally….But ohhhh, sorry forgot, teachers are special people and therefore deserve MORE–(expect to hear a lot of that rhetoric in coming months by dems locally & nationally in coming months as positioning to divi-up fed bailout bucks heats up)..(also are… Read more »
Guess you have to be in a public employee union job for Biden to give a rats tail – welders and pipefitters and equipment operators don’t matter!
The future ununionized teachers of America
https://www.youtube.com/watch?v=snhoHDND3ts&feature=youtu.be
So one mindless robot operating on batteries is replacing the mindless robot we already have?
Oh well, strikers don’t get paid, so who gives a s**t?