-- 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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When social service organizations start walking away from doing business with Chicago, put me down for a one hour continuous loop of “I told you so.”
Sure, there is no cost to putting a gag on an employer’s mouth opposing unionization.
Would there similarly be no cost to putting a gag on an employer’s mouth promoting unionization?
Better yet, would there be no cost to putting a gag on an union’s mouth promoting unionization?
Not to worry, you as a taxpayer will always foot the bill for nonproductive workers.
Total nonsense. Of course there is a cost to this. This is a pro-union, anti-employer ploy that simply and practically allows unions to get into industries where they have traditionally not been active. Look at the list of aldermen pushing for it– all union advocates. Does anyone really think Rahm Emmanue wasn’t fronting for the unions at O’Hare when he pushed this idea? Of course not.