-- 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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This message is paid for by the following: CTU, SEIU Healthcare, and a “Grassroots” group whose PAC(s) are primarily funded by CTU and SEIU Healthcare.
Amisha Patel heads the Grassroots Collaborative AND Grassroots Illinois Action. I’ll assume since Grassroots PAC has the same address as Illinois Action, they are one in the same as well. Regardless, there is a long paper trail of CTU/SEIU contributions to these orgs. http://bit.ly/2kSqd2G
I fund it comical when the unions bring out a “non-partisan” group that surprisingly shares its beliefs and fails to mention they pay them.