-- 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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The perpetually rumpled Yohnkin manages to pop up on every occasion and consistently on the wrong side. And the student studying the environment would be better served learning and perhaps coming up with a solution instead of beating on plastic drums and marching around.
The dubious merits of the causes of these leftist student groups notwithstanding, the unAmerican Criminal Liberties Union left out some salient points in their petty whinings. These groups exceeded their ‘rights’ when they damaged property and failed to disburse when required to do so even when exlpicitly warned about the consequences of their actions. This isn’t 2021. The support these leftist groups once enjoyed has largely evaporated. It’s still there in the 25-30% of Americans still duped by these causes, but they lost the middle and never had the right. One can only hope that U of I ed-ministrators maintain… Read more »