-- 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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Wait until Amendment One kicks in and allows anyone to form a union. Soon the local mom and pop corner stores will be unionized, mom as union president, pop as vice president. Watch what happens when they call for a strike.
You rode a short bus to school didn’t you. A true moron.
Who needs dirty asphalt workers when there are a few dozen lefty baristas clamoring for union representation?!