-- 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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Da IFT is da masters of Illinois and Sheeetcago Dems.
If you want to get elected you have to get some of those IFT $$ in Illinois and Sheeetcago.
Teachers unions exist not to advocate for schools, students, parents or even the teachers whose dues pay for union activities. Teachers unions are a money laundry for the crooked corrupt Democrat party that uses teachers unions to pull off vote fraud schemes, and shakes down cities for cash that gets funneled to the Democrat party
100%. They are extortionists.
Massive RACKET IMO which hugely benefits Dems esp. in Illinois!!