-- 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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Fact. Government unions are unconstitutional and soon will be all eliminated due to their constitutional violation. The grifters, thieves and leeches of SEIU, AFSCME, CTU and IFT will soon need to find other ways to try and fleece the real workers of Illinois.
What case is coming before SCOTUS to make these changes? When will it happen? Stating “fact” without having any facts is quite comical. Public unions are well within their constitutional right to collectively bargain as it is enshrined in the Illinois Constitution. Good luck proving otherwise. lol
I voted with my feet over 20 years ago and my bank account is over $200K fatter.
The collective bargaining you so love in Illinois is a massive racket hoisted on taxpayers by corrupt Dems and their masters da public sector unions.
Collective bargaining wasn’t hoisted on taxpayers but rather decided upon by the taxpayers that they believe it’s fair to allow these unions and the negotiations that go with them. Some of you lunatics just can’t handle the will of the people.
Good quote and so true!!
Virginia is on the verge of the death spiral that comes when government unions conquer a state.
Virginia is for Lovers.
Illinois is for corrupt Dems!!