-- 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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I’m glad to see people charged. Will they suffer any consequences for their actions?
I’m shocked and appalled they have time for such shenanigans stuffing mailboxes full of political advertising. I got one yesterday as big as a table! Asswholes!
Postal employees and teachers can always be found when defrauding the American tax payer is discovered.
Correlation and causation are not the same thing. You happened to mention two very large governmental work groups, and one might reasonably suggest the large numbers of employees there has a lot to do with whatever truth there is in your statement. Having more people in a particular type of employment brings the likelihood of finding more offenders or presumed offenders for nearly any crime you’d like to mention.
What do you expect James. These people think working for 34 years and then collecting a pension is fraud. Sad and pathetic how they try to steal from retirees.
Ha ha ha ha. Give me a break. We work for 35 years to pay for your retirement AND our retirement. If you were a teacher, you worked for 20 years and got paid for 35. (Summer off). Also, teachers teach BS. Ice free by 2020 was the chorus in the 90’s.
We think that fraud is collecting a pension paid for by those who can only dream of such largesse, while also having failed in the core mission of teaching. Sad and pathetic how they try to act as if they somehow deserve this taxpayer largesse, while having destroyed the education system. Aren’t we all tired of hearing that teachers were devoted employees who worked diligently and earned their meager pensions? Sorry, not buying it any more. “But but but we couldn’t help it, it’s not our fault, but keep paying us” seems to be the mantra now that it’s become… Read more »
Clearly you should have been a teacher. Its such a plush job without stress of any kind and so well paid. Why didn’t you do that? You must be stupid!
Why do teachers assume that the fact that not everyone is a teacher proves that their job is so much more difficult than anyone else’s?
Or maybe it’s true that anyone who isn’t a teacher is stupid. That seems to be the general viewpoint of teachers.
Sure, we all know that the “general viewpoint” has to be the right viewpoint. There are a ton of agreeeing points of view on this website. They must all be right, or maybe one stupid agreeing with another stupido doesn’t make the resulting agreement all that much smarter. Sh; don’t let that possibility get around. It may spoil the collective hubris.