-- 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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Peoples Republic of Evanston.
Votes 98% for Dems historically.
If Evanston was swallowed by the earth along with all the residents there would be no loss to society
“it has still found it hard to achieve far-reaching effects without running into practical and legal obstacles.”
Who woulda thunk that paying off one group of people today for the misdeeds of a completely separate group of people 200 years ago would run into legal obstacles? Maybe they should just shred the constitution instead.
LOL, Old Joe, spot – on! Oh, and speaking of Evanston, black Northwestern students are playing “the blame game”. Since it costs $85K per year to attend NW, they are feeling “left out” of society: “Protesters Tuesday said that there are still unmet demands from 1968, that need to be implemented now, including an official acknowledgement of institutional racism, increased scholarship support, specific residential housing for Black students and more Black counselors…” https://evanstonnow.com/black-students-issue-demands-at-northwestern/ Black students issue demands at Northwestern by Jeff Hirsh April 18, 2023 “Chanting “Black students matter,” more than 100 Northwestern University students rallied on campus Tuesday afternoon,… Read more »