-- Connecting the dots between our economy, government and business --
Refusing to be influenced by parents, city leaders, or science, the Chicago Teachers Union today reiterated their steadfast commitment to drinking coffee in yoga pants.
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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CTU would have made 10 demands but they can’t count that high
As noted else where and unfortunately for all of us, the very humorous satires of the Babylon Bee often turn out to be accurate predictions of the future.