-- 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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Springfield is changing the law because ONE, yes ONE, teacher had a baby during the summer, and didn’t get full paid leave. No one is required to get paid during FMLA, the federal law says its unpaid (but some organizations required you to use unpaid sick days as part of leave). But Springfield protects teachers so that they will get paid after having children NO MATTER WHAT while the rest of us losers must pay for our own FMLA. ““And the days do not have to be taken consecutively,” Flowers said. “A lot of women have lost out on their… Read more »