-- 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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Thanks for confirming with specific data what we already know that Academia is heavily Left and would easily even vote for Stalinist Communist over any Republican. But $200K for Harris and only $2.7k for Trump is beyond ridiculous
Perhaps Northwestern could adopt “ Omni, Libi, Tardi “ as the Latin motto for their fine institution of higher learning.