-- 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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Uh, I think there’s a slightly more important reason to amend the IL constitution. Give me a minute; I’ll think of it.
It passed the Senate with bipartisan support. Not a bad strategy to help get out the union vote in 2022. Clearly, unions will provide financial support for the amendment and they also get to smoke out businesses/organization that are anti-union. Maybe Kenny G. will provide all the funding needed for the NO side?
Unions today are small % of workers. Everyone else despises them.
I can remember when union workers were patriotic Americans; the backbone of America. Now, union members are just greedy incels that rob prosperity from the next generation.
By the looks of things, it already is.
““It will send a message to not only the state of Illinois, but send a message to the entire country that workers’ rights would be prioritized,” Evans said.
Yes, because government employees’ rights here are certainly under siege.
You would think that these dim bulbs would at least want to limit the power of their puppet masters, no?
“workers’ rights would be prioritized” – to the detriment of taxpayers
Wow, these guys are really out of touch. This amendment will likely fail big time.
Nah, Dominion can take care of that.
Haven’t we learned not to amend the State Constitution in order to benefit public unions? That message should be clear to all. Shame on the legislature for even considering it.