-- 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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Bust this gang of thieves. Fire them all. Start over.
If they don’t get what they want of course they will strike and why shouldn’t they? They can not be replaced, when the strike is over they will still work the same amount of mandated school days and the City voters, jammed with “Free Stuff Army” voters who pay no taxes back the teachers along with the usual hoopla it’s for the children.
Realizing cities broke and your an fop member up next after ctu to renegotiate your contract. and you cant strike. wouldnt you be ticked-off because after the city coughs up $450 mill for ctu what could possibly be left for fop, fire, etc.. not that theres anything left anyway
No doubt they have the votes. Otherwise, they wouldn’t be having this vote. Plus a no-vote would pretty much undermines a SEIU strike.
“But the report gives suburban Evanston a shout-out, citing it as an example of “hipsturbia”: suburbs that have a vibrancy and cool factor, along with an abundance of retail, restaurants and recreation.”
Obviously the authors have never set foot in Evanston. Looking at data on a spreadsheet is much different than putting boots on the ground.
wrong thread?