-- 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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another gigantic issue/ angle to this bill—would bill apply to PRIVATE SECTOR schools and universities as well? If yes, then maybe this would open the door to all employees, public or private (even chumps like me), to file suit demanding EQUAL treatment for endless time off at my employer expense for just mentioning the work covid?
If JB signs this bill (article says he’s likely to sign even if he pretends to not be a fan) guaranteeing virtually endless time off for majority dem/ lib teachers & education workers unions. Then isn’t this bill a big hot poker stick in the eye for cop & fire republican/ trumpie supporter unions quest to cash in on covid $hazard pay$ bonaza by refusal to go along with vax mandate/ covid conscious act play– which has already been shot down in courts? Where’s the CASH IN ON COVID $HAZARD PAY$ BONANZA EQUITY FOR ALL PUBLIC SEC HEROES BILL???? why… Read more »
Great point, NB.