-- 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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Saying prayers for this family. And prayers to keep the rest of us strong. Absolutely senseless to lose kids because of the isolation caused by this virus. The restrictions, random lockdowns and fiefdom have to end.
All PRITZKER’s DOING
No, it’s not all Pritzker’s doing. UIUC could have chosen to do more face to face classes but did not do so. Some kids had no face to face classes. There is very little to do in the dorms or anywhere on campus or anywhere in town. Some kids find a way to party, some don’t or don’t want to. The dorms are what, 1/3 or 1/2 of capacity (no doubt it varies by dorm). “Our resident advisors and other Housing staff interact with students daily, we have been offering individual and group counseling via Zoom, a daily meditation series,… Read more »