-- 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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Another politician bought and paid for, JB Snickers thinks his money will save him, not.
Nice try JB but too little too late. Trumps war on Federal Unions will lead to the elimination of Public Sector Unions nationwide. And not a day too soon. Good riddance parasitic criminal vermin.
Keep dreaming. Won’t happen.
Keep deluding. Will happen.
Lynn Sweet fails to connect these sweeteners added by JB the Hutt to the exorbitant cost of any taxpayer-funded project in Illinois. Ultimately, cowardly political animal Bob Peters’ bill was nothing more than another stealth tax increase on Illinois taxpayers which The Hutt was only too hungry to sign.
I still don’t understand the beef over firing unneeded staff that were hired with temporary covid funds to boost Joe’s woeful employment numbers. Go by seniority ( as unions are supposed to ) and then give those on the threshold of retirement an early, but fairly compensated, exit and last, but not least, axe the useless hangers on that won’t ever leave unless it’s feet first.