-- 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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Mr. Navarrette seems to think that appeals to the common good will persuade teacher unions to change course. He hasn’t yet grasped the truth about collectivism. Those in power talk about the common good, but are only concerned with maintaining control. He does seem to be starting to suspect that this isn’t about the common good.
CTU No respect for any teachers anymore simply because of CTU
Never ever will i back you again!