-- 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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For a mayor who claims to be the first “non-machine” mayor fighting the “white machine”, is the reality that there has never been a more public sector friendly from CTU to FOP to XYZ, give them +100% of what they ask for and more!!, keep quiet on HB 3657!!, mayor than are CTU/Brandon? Astoundingly, Brandon gave FOP more than they where asking for and is now giving Local 2 firefighters the same deal in bankrupt Chicago!!!: The tentative, six-year contract hammered out under pressure from a mediator includes no major union concessions while matching pay raises — up to 20%… Read more »
The word “progressive” is from the word “progress.” A lot of what the people you noted want or do seems to be the opposite of progress; at least, for most of society. Progress is not giving a portion of society more and more free money. A good example of progress is to increase the number of children who can read and do math at or beyond their grade level.