-- 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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We’ve all learned that it’s acceptable for some folks to use such language, while it’s not for others. Something to do with one’s culture, I’ve been told.
I seem to recall the university basically told him to shut up and take it or it wouldn’t end well for him. I wonder if they’re still sticking with that position. I think they’re up to $1.2M in legal fees. That doesn’t account for how much they have to pay Kilborn.
Until the other professors and administrators are made to personally pay damages they will never stop. Its just other peoples money paying for their virtue signaling.
Illinois sees itself has a safe-haven for progressives where they can doing their things with impunity. That’s why while most of the country is ripping off progressive values like a leech sucking blood, a small but sizable minority in Illinois has chosen to double down on progressive politics in Illinois.