-- Connecting the dots between our economy, government and business --
"The Chicago Teachers Union doesn’t merely bargain for pensions; it builds political power, shapes personnel, and steers policy. And what kind of politics does that machine promote? Look at the messaging. Look at the leadership. Look at who they choose to honor."
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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Fire CTU. They’re not doing their jobs. And revering a cop killer, they should not be around children. CTU is supporting violence.