-- 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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A Northwestern degree doesn’t mean what it used to, and it didn’t take long for that to happen. Expect the decline to continue.
It’s sad to watch the legitimacy of a Northwestern Degree fall below that of Phoenix University.
When I meet NW grads, and I know quite a few, I immediately say, “Man, that sucks to have to watch your school beclown itself. Your degree is now a joke and worthless.” Most don’t take it well; but the observers all vigorously nod their heads in agreement.