-- 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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I love watching the woke negotiate with the woke. Lightfart has to be wimpy in dealing with unions because to her unions are like church congregations praising wokeness. And the union has to be entitled because they think government owes them everything. It is now just a big passive aggressive game. The deal when it finally comes will be of no benefit to anyone except to make it look like they both won.
It’s a beast she helped feed.
““I seem to smell the stench of appeasement in the air…”
— Margaret Thatcher
“Not listening”. They seem to believe that listening and conversation really only mean “we get what we want, any other point of view is irrelevant”. Same old $%&# we have been hearing for years.
School vouchers for all now. The vermin of CTU need some competition, a massive pay cut and a massive pension cut.