-- 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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Guess it’s a matter of “good for the goose, good for the gander.”
Public unions are already controlling Illinois – why stop at school principals?
When will taxpayers unionize so we can also be considered a large voting block? The state only listens to large public unionized groups but rarely listens to individuals.
Who will the principals affiliate with? The teachers unions, SEIU, and AFSCME already have a presence in the school districts. Let’s see them battle it out in a free market.