-- 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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Was CTU out at U of C convocation in solidarity with protesters on the taxpayers dime? per CTU press release from a couple days ago: “RESOLVED that the repressive response of certain university administrators and local police to these protests is also a labor rights issue. Faculty, student workers, and other campus workers – many of whom belong to our unions – are among those who have been arrested and forcibly removed from the protests, or suspended from their work. University staff have been ordered to clear protests led by students, their fellow workers and union members. Academic freedom, free… Read more »