-- 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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John Kass is absolutely right- the CTU now run Chicago, along with AFSME.
“Public servants” and “Public employees” are neither our servants nor our employees. They have become our masters.
Perhaps the CTU is still supporting Chairman Preckwinkle in its undermining of the mayor, after all there is another election in a couple of years and TP may still have plans to add an office on the sixth floor of City Hall . Or to install one of her stooges there. The kids’ educations matter little when there are elections to powerful offices to be won. Sharkey knows the butter side of the bread better than anyone. Lightfoots come and go, Preckwinkles abide. Except for Kass, the press coverage has seldom questioned the CTU’s assertion of a lack of safety,… Read more »