-- 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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Sorry Tim, but if kids can get a comparable education for less money and be free of Marxist dogma, traffic blocking Hamas fans screaming at them and not worry about getting mugged because their campus won’t allow police to arrest thugs, they won’t be beating a path back to Hellinois anytime soon, if ever even after they graduate.
Well of course they would accept them. Many high performing students go to other states for school, since costs and scholarships are more favorable. If U of I could actually get in-state tuition down to a manageable level (when compared to other states) we would consider enrolling our kids. Until then, it is a hard no. We want to give our kids a chance to succeed and not be beholden to the tax burdens in Illinois. Enrolling in college somewhere else seemed to be a good place to start.