-- 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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Callous treatment of minority children by the greedy, lazy, incompetent CTU teachers is ok
Oh boo hoo. I’m so sorry. I’ve had to work my butt off since last March during Covid and taking a risk doing my job but hey I’m not a union worker now am I?
Nope, I’m an Illinois resident who doesn’t get that warm, comfy, easy going protection from a union.
I also don’t have that huge pension coming and may have to work until I die so I’m not moved by your stupid concerns.
GET BACK TO WORK like the real people in Illinois you losers.