-- 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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Sad, I saw Herbie Hancock give a commencement address there pre pandemic. Took the Redline down there too.
The college will not survive, it will close and add another nail into the loop coffin. No students means less money for food, entertainment and dorm rooms. The downward spiral continues.
Maybe Columbia needs the CTU. Oh wait, it’s a private university so no taxpayer bail out.
Another unnecessary disaster for a good institution caused by Pritzker and the Dems panic inspired, control motivated Exec Orders. It is truly incalculable how much damage was done to schools, athletic programs, restaurants, retailers , students and other order- following entities by these control freak lefties.
“look at this good thing we destroyed, what can we destroy next?” is the motto of the leftist.