-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Johnson and the CTU did not get the expected number of CTU members elected to give them the two thirds majority. So, they want to change the rules. Voters voted to elect independents to the school board rather than CTU shills that would vote Johnson’s way. Elections have consequences!
Classic Democrat move: say one thing, but also say the exact opposite thing. This is exactly the kind of crap that got us into the whole Epstein mess.
Here’s the condensed version: Johnson hires a former alderman that he said he wouldn’t hire, to lead a team of lobbyists that aren’t registered to be lobbyists, to lobby for a bill that wasn’t really a bill, just “research”. Yeah, that’s the ticket.
Johnson is a CTU puppet. He should be for fiscal responsibility and Chicago students, not CTU.