-- 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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Curious. How many state workers including school districts applied for unemployment benefits?
Many private sector workers don’t even have pay now, and many businesses are going bankrupt.
Do you think that any public employee union will ever abide any give-back, even in a pandemic?
Funny, that idea.
The greed of public sector employees is truly immoral and despicable
I’m not a public sector employee and I received a pay raise during this pandemic. I don’t consider myself to be immoral. Despicable maybe but that has nothing to do with my paycheck. I’m assuming only public sector employees shouldn’t take their raise.
Ha, that’s a funny one, with monopoly money