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.
The unions are funding the campaigns which comes from the dues of the employees. How many employees are also donating their own money besides dues? Can the employees stipulate where their dues go to? Here’s a clip from Armed and Dangerous about union dues.
https://www.youtube.com/watch?v=Xr575DkvcHI