-- 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
The CTU is a COMMUNIST FRONT GROUP its not ever about the CHILDREN is about power
This free agent just earned $300K/year and big after-tax bennies AND most importantly vested a significant piece of taxpayer-funded entitlement to 6-figuire eternal risk-free pension and free health/dental/vision/life insurance.
Work Performance (outcomes or personal effort) was not ALLOWED TO BE a factor in determining her entitlements.
Susan – some might consider it an accomplishment she avoided criminal trouble like Barbara Byrd Bennett, a predecessor. Chicago is so troubled that one wonders what competent person would take any job with responsibility in Chicago, starting with the mayor’s job. There was a reason Rahm left.
Rahm left because he knew which was the wind was blowing and it wasn’t the direction of centrist Democrats. His politics are dinosaur
Screw the CTU! They are destroying Chicago only if the democrats allow it.
The exodus from Chicago will only get much worse.
Great articale, makes it clear Jackson and the rest of her top staff are resigning 100% bcause of ctu, new state legislation giving ctu unlimited bargaining/strike powers, and almost gaurenteeted elected school board…..thanks jb for selling chicago kids, parents and taxpayers down the drain
For stating the truth, Janice Jackson, you are now cancelled.