-- 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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CTU thinks they are a self-governing agency with no accountability – and they pretty much are under the rule of incompetent democrats. However, if they are falsifying federal reports on hiring or expenses – it opens up liability for the officers under the department of labor. There is a new administration watching who actually knows what they are doing. For the betterment of the kids and their education, this union needs to be held accountable.
Potential criminal conduct? CTU should be labeled a liberal political activist group. CT does not care about improving education and student test scores.
Tick tick tick . Oh Stacey time is running out. What music would you like played as they perp walk you out to the squad car ?