Wirepoints’ Mark Glennon guest on AM560 with Chris Krok discussing CTU lawsuit agains Illinois Policy and more
August 19, 2026
6 Comments
Summary and audio linked here.
-- Connecting the dots between our economy, government and business --
Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Illinois paid the price for embracing Fauci’s “science.” Here’s the retrospective.
Replacing pension fund debt with bond debt results in an infusion of cash into the pension funding, reducing its unfunded liability. More money in the pension fund means there’s that much less to cut if pension benefits are reduced in the future. Thus public sector workers and retirees are generally in favor of such schemes. The infusion of revenue allows the city to more easily balance the current year budget. But borrowing money to invest in the stock market, private equity, bond market, etc. is not a sound financial practice if you are a unit of government, an individual, a… Read more »
An appropriate strategy if one is looking toward bankruptcy — and I suspect even the teacher unions are mindful of this.
The City of Chicago contributes to several pension funds. Chicago Teacher Pension Fund (CTPF). Fire. Laborers (LABF). Municipal Employees (MEABF). Police. The City has to figure out how to fund the pensions and employee pay. To that end the City has collective bargaining agreements (cba’s) with 43 union locals. http://www.chicago.gov/city/en/depts/dol/supp_info/city_of_chicago_collectivebargainingagreements.html And Chicago Public Schools has cba’s with 9 union locals. http://www.cps.edu/about/policies/employee-engagement/collective-bargaining And that is not including management and non-union employees. That is a nightmare scenario which has been grossly mismanaged as a result of state and local decisions. Add on top of that add current benefits (for those currently employed)… Read more »