-- 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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CTU- Time for CTU to get serious about working!
CTU is the worst of Public Sector Unions. These lazy thieves hide behind children while pick-pocketing their parents. The only solution is to dissolve CPS, annul all contracts and start over. it may take a year or two to reorganize a school system but the loss in education cant be any worse than the past two years of CPS .