-- 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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Good article from The 74 about CTU and the mayor.
https://www.yahoo.com/news/opinion-chicago-teachers-union-mayor-133000383.html
BJ doesn’t care. He doesn’t care about reelection. He only wants gobs of money to shovel to his CTU puppetmasters. Period. “First let’s get the money” is his goal. If Chicago financially collapses so what. Then BJ and his greedy CTU masters will try and steal form the Federal government next. That’s the goal. Money money money to satiate the bottomless endless greed of the parasites of CTU. Everyone else can go pound sand.