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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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From a st articale i read about a week ago it quoted catanzara as saying fop had made an “offer” to city about thier covid grievance/ collective bargaining terms over a month ago and city said no. Or, in otherwords the city said no to giving fop any additional compensation, time off or benifits. But now it looks like judge is opening door for fop to ask for more compensation in exchange for meeting covid mandates. Which will open the door for all public sec unions statewide to collectively bargain for covid hazard pay/ compinsation in about 2 seconds flat…chump… Read more »
Yeah they are caving. The union is not very “unionized” over this, many brothers are not standing up for the unvaxxed. Since public sector unions are not really unions in the sense of 1930’s unions who did strike for fair treatment. Public sector unions can’t strike by law, so basically that emasculated them. And in exchange for votes they’ve re-purposed their strike tactic to a “we vote in a block” tactic and extort. Id prefer it when unions used to outright strike, then everyone comes to the table even the taxpayer. If striking is outlawed, then its easy to exclude… Read more »
The CTU went on strike a few years back. How well did that work out for the tax payer?
The issue isn’t unions – it’s PUBLIC UNIONS.