-- 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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The only three words in their vocabulary are “Demand” and “Entitled to”
The strike is just more days off for them. They like that. Then the mayor will give them whatever they want and then they can B*t#H some more a little later in the year and get more. We conservative voting tax payers are the Chumps in this formula.
Strike talk all smoke and mirrors as the CTU knows full well that their Manchurian candidate mayor Nervous will hand them whatever they DEMAND after a token show of opposition .