-- 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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CPS might as well hire a traveling circus to teach in the public schools of Chicago. The results would be about the same.
If I join the union today, do they wait until August to start charging me dues? Of course not. So if I leave the union today, I should not have to pay through the end of some arbitrary term.
CTU is going to spend millions of $ in legal fees to fight these cases and they will most certainly lose. The Janus ruling is very clear and other unions have already fought and lost this same battle. But the deep contempt and arrogance of CTU will compel them to spend other peoples money out of sheer spite. They are living in a fantasyland. Have at it Sharkey.