-- 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 don’t expect much of a change in Illinois due to the Janus decision. The government unions will seek extra-judicial remedies to claw back any lost revenues, including worker intimidation and assisting government employers to release non-compliant employees to make room for those eager to pay full dues.
The corrupt alliance between the Illinois Democratic Party and the government employee unions is too profitable and entrenched to be noticeably impacted by something as trivial as a SCOTUS decision.
There is no worker freedom in Illinois in any way shape or form. All working Illinois residents are forced to labor in the yoke of Government servitude to pay for the lavish salaries, healthcare, and pensions of their master overseers in the public sector. Their children are born into public debt slavery with the unconscionable, greedy public sector workers stealing food from their very mouths to feed their insatiable lust for unfair compensation.
The better headline would be: “Supreme Court protects Public Employees First Amendment Rights”