-- 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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Can anyone put their finger on exactly where the CTU provides a benefit to the public of Chicago, other than keeping a few thugs off the street a few hours a day during the work week?
And those thugs are the teachers…..
It doesn’t. The CTU is a jobs program for the community.
The criminal depravity of CTU scum of the earth knows no bounds.