-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Don’t want to come to work ok fire all your asses
It should not need to be pointed out that nurses, doctors, technical medical personnel, as well as custodians and other support personnel at hospitals and clinics have been going to work in the immediate presence of patients quite ill with Covid 19 and its complications? Or that grocery and pharmacy personnel have been going to work as well as transportation personnel, police and fire, etc? Are teachers and professors facing particular dangers that those others do not face? Teachers’ union leaders seem to be making a claim to a special privilege that has not been accorded to other public service… Read more »
They are worried that they may have to actually show up and get their new salaries, with a raise.
These bums are concerned they might not get an 18 month paid vacation