-- 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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Where does the union get the $1.5M to hand to lawmakers? The union gets its money from dues. The dues come from the members. The members get their money from paychecks. The paychecks come mostly from local real estate taxes. So the taxpayers are actually paying the lawmakers. But they can do whatever they want since it’s their money. If tuition was charged what would be the true cost of education a child? If parents had to shell out their hard earned money for education costs would be much much lower. Private schools in Rockford on average charge less than… Read more »
Pay-to-play is ok with progressive left & libtard press as long as it’s from teachers unions/ CTU?
Competition exposes the massive and bottomless ‘teachers’ union fraud. This law is an existential threat to their crimes.The kids and parents can go pound sand.
While the unions have been throwing our property tax dollars to the politicians to kill off Invest in Kids, it is strange that Cardinal Cupich has been relatively silent on this. He has a substantial pulpit, but seems to be choosing not to use it to advocate for continuing the program. Virtually no mention of this in Sunday homilies from his pastors, nothing on the Chicago Catholic website, no major speech, etc. It almost feels that he is fine with it being shut down?