-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
No cause for concern. Illinois students can go to Northern Illinois University, the 34th ranked school in Illinois, for $27,400. One would think a university in proximity to Chicago would be one of the better schools in nation, but well, its Illinois.
Who wants to spend 4 years in Dekalb? Virtually every other college town in the midwest has a better atmosphere. Northern IU itself is gross, looks like a communist designed the place for Russian students in Moscow or something.