-- 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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so what happened today? did lightfoot revoke the logons of anybody? or was that all talk and chest beating?
It is obvious that CTU owns Lighthead, the city and the state.
At this rate they will reach agreement just in time for summer vacation.
Lori will give them everything they want because she thinks they will support her in the next election. The lazy incompetent commie socialist teachers will be vaccinated in front of the elderly, disabled, immuno compromised and cancer and heart patients.
Ah, the talk of substantial agreements and frameworks. These are just code words meaning that Der Mayor will be giving the radical teachers union everything they have demanded. Der Mayor is trying to look tough, but she only has the spine of a bowl of jello.
It is time to eliminate the pension funds for Illinois Teachers. It is doing to local government finances what these ambassadors of communism that claim to be teachers are doing to the states’ children.
TALK ABOUT CHILD ABUSE!!!
Feckless.