-- 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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Also, if charter schools are now unionized, and charter school teachers are dues-paying members of CTU, how can CTU rally against charter schools?
Hoes does one define a profession? Preckwlinkle says “I’m a teacher by profession” but spent only 10 years teaching. At what point does her profession become bureaucrat, year 30?
So taxwinkle was only a part-time teacher at cps, does that mean she was in reality only a substitute teacher? Was she s ctu member? Is she geyying a cps pension?
The CTU is the single most dangerous special interest group that threatens Chicago’s survival. These people do not believe in economic freedom, entrepreneurship, capitalism or anything remotely connected to the foundations of this country.
If it’s not nailed down, they will “take it.”
If Preckwinkle wins the mayoralty, you can kiss this city right into bankruptcy.