-- 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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Post construction the building employees can elect to be in a union if they wish. This is an attempt to bind not only the owner but the future employees who might prefer not to be represented. This is costing the community housing and jobs. We need both more than SEIU needs more members.
Why isn’t SEIU & $progressive$ alders demanding ALL city financed ‘affordable housing’ be staffed by SEIU and all repairs by SEIU??? I’m shocked!! $$$$$$$$$$-EQUITY-$$$$$$$$$$$$$$$!!!!
If Onni Group or other Canucks want to invest capital and earn returns without the grift, fly over Illinois and come to the Southeast.