-- Connecting the dots between our economy, government and business --
"For those of us who believe unions have brought benefits to workers they could not have won individually—but who also believe the answer to extremism is not more extremism—a question on the Nov. 8 ballot poses a dilemma."
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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A little late but good for Hinz, I guess….but in this piece he also exposes just how far left/ anti-business/ anti-right to work he is. And he’s the head writer for Chicago’s business paper?