-- 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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If $3.5 trillion BBB passes, or some version of it, and tons of fed funds are made available for home healthcare to states does this mean seiu is somehow going to be able to unionize somebody like the lady in the story getting reimbursed from state to take care of their disabled kids or elderly folks? And if/then who would these unionize individuals be employees of, the state?
Curious if they do unionize them and if they would let her opt out of the union. My guess is they’ll make it mandatory to be in the union forcing another lawsuit.
I thought they couldn’t under Harris vs Quinn
https://www.nrtw.org/harris-v-quinn-supreme-court-case-illinois-homecare-providers-challenge-unionization-scheme/