-- 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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I remember what UI Circle campus did to the trump campaign rally. Students bought up the tickets with the intent to riot and harass. They were successful n shutting down the rally. I seriously don’t think this new rule will work at all. Because it assumes that the students actually have the backbone, knowledge and skill to offer counter speech. Snowflakes can’t argue ideas, so they lash out. It really comes down to the quality of the education they are receiving, the UI is an echo chamber, not diverse. So naturally their students can’t be expected to live up to… Read more »