-- 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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Chicago Teachers Union (CTU). Unions’ joint statement demands that every vote count, as leaders outline steps to protect integrity of election. November 2, 2020. Unions commit to take whatever non-violent action is required—up to and including a general strike—to ensure a free and fair election in which all votes are counted, and that ensures peaceful transition of power. 5:00 p.m., Wed., Nov. 4:Labor rally to defend democracy and the vote, Daley Plaza, Washington and Dearborn. CHICAGO, November 2, 2020 Leaders and members of Chicago-area unions representing a broad, multi-racial base of essential workers came together this morning at the Thompson… Read more »
Vouchers
A greed-crazed, power-mad union working for the students?? Hahahahahaha!!!!