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"Public employee unions are politically impregnable, but their corrosion of democratic governance may leave them open to constitutional attack."
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 first shoe to drop was Executive Order 10988 in which President John F. Kennedy, as payback for political support, permitted collective bargaining for federal employees. ” One of the few disagreements I’ve had with Mark is on JFK. I think JFK single-handedly ruined the future of government with this executive order. It was foolish to think he could keep this beast contained. Now we have states that will literally go bankrupt because of these unions. We have a country that is dominated by not just their economic terrorism on taxpayers, but social justice warrioring as well. It gets worse and worse every year,… Read more »