-- 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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CTU makes me think of something Grace Slick said in an interview a few years ago: “We thought we could change the world, but the truth was we couldn’t even change our socks.”
This is the sort of news our Chicago dailies should be reporting. But alas, they have lost their moral compass.
Very gracious way of saying they’re chickenshit cowards
CTU is not a union and doesn’t care about improving education. CTU needs to be designated what it is – a far left socialist political activist group.
Hmm.. how exactly does one commit to the underserved, speak “ truth to power “ and all the other Marxist ideas in a toxic environment rife with sexual misconduct, truant teachers and students, students that don’t learn anything and teachers trotting around the world?