-- 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 CTU has signed documents with the federal Labor Department indicating that it has been audited by an outside auditor each year” Obviously this is fraudulent and criminal. How about some prison time for Davis Gates and her other CTU leaders including BJ?
With Gate’s shenanigans in her personal life involving $$$$ you have to wonder what is happening with union member dues.
As their students test scores reflect, adding isn’t one of the CPS’s strong suits. CTU president Gates and Mayor Panic Attacks are testament to that.
Corruption is concealed at the CIA and the Vatican in the hope the responsible people will die or the limitations period will expire before discovery. Most dread discovery of their own hypocrisy.
Article is behind a mandatory email address wall. I used a disposable email address.
Embezzlement
They won’t release it to nobody nobody sent.