-- 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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Love it, though I wonder if they will have any difficulties getting woke businesses to come on campus to get graduates out into the work force?
When you look at how Pritzker and the Supermajority Democrats are ready to crush people’s civil liberties, in violation of the Constitution, in order to promote a political narrative, the U of Austin is just the start. Firstly, people have to start their journey to freedom by leaving Illinois.