-- 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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It’s done. Written into stone. Now have fun with it.
This situation has existed for many years: at the bargaining table there are the unions representing themselves and the union-backed politicians representing, again, themselves.
The people don’t have a seat at the table … and that’s one of many reasons Illinois is in a financial mess.
Which is why these excessively generous union contracts are illegal, illegitimate, and immoral
“The government is over a barrel here, and even worse, the negotiating is collusive,” attorney Philip Howard said. “The unions helped JB Pritzker get elected, and then they come in and sit on his side of the bargaining table.” The state of Illinois government and Public Sector Union criminal conspiracy in a nutshell. All of it illegal and criminal.
None of it is illegal nor criminal. It is in fact a constitutional right provided by the people of Illinois.
Slavery was a constitutional right at one time too. See, right there, slaves were property, it’s buried right there in the constitution…in the Fifth Amendment property takings clause. You don’t see it there?
Comparing the freedom to associate and collectively negotiate with that association and comparing that with slavery. WOW!. You’ve gone completely off the deep end.
The constitution is merely a piece of paper, my friend…