-- 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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Chicago Teachers Are Already The Highest Paid Of Any US Big City — Now They Are Shaking Down The Taxpayers For More Paid Days Off
This is just the tip of the iceberg. With passage of Amendment 1, CTU’s going to be at the bargaining table 24/7…….lets get are priorities straight, who has time for the kids? We got a revolution to run on the taxpayers dime!!