-- 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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The citizens of Chicago are finally waking up to the evil organization that is the Chicago Teachers Union. CTU members are greedy, selfish, narcissistic and deeply evil thieves. Period. Any real Teachers remaining at CPS must quit CTU – the Janus decision now allows this – otherwise they are complicit in the criminality of this ‘union”.