-- 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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The lazy parasitic teachers have options: if they don’t want to flow their boss’ orders they can quit
Not exactly. Once Pritzker signs the bill giving CTU more power they could always call a strike. I don’t think they will get to 75% for a strike but you never know. If that happens you won’t see them until the fall. Completely legal and supported by the majority of voters of Illinois and Chicago.