-- 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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Just close down the event and move it somewhere to a safe City.
Typical union leverage play. When a noteworthy event finally tries our city, the unions jack it up. Who wants to put up with this union bull____? Just avoid this progressive utopia and book your events in Indy.
And they want a retirements pension? So do I, but that is long gone in the private sector. These workers think the government and teacher pension plans here are normal. Economic illiterates.
Yep, and the McCormick unions take a pound of flesh too.