-- 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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Chicago Teachers Union are the worst of public sector unions. Now, with the bumbling Governor’s blessing, the vermin of CTU are so delusional and drunken with power that they don’t realize that the public is finally catching on to their decades-long criminal enterprise. No longer a labor union, CTU has morphed from a political party and has become a terrorist organization. The fall for CTU will come hard. The sooner this union is busted, school vouchers provided for all parents and all current CTU members teaching certificates revoked ,the better for Chicago. Bring it on CTU. The parents are no… Read more »