-- 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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Crass, but is cancel culture appropriate for this transgression? How exactly is he wrong? What man walks up to a woman and says those things? no one does, he’s merely suggesting, in a crass way, that you cannot be crass when asking clients invest with you. This is not a sexist comment at all, crass for sure, and not PC, but sexist? No. This cancel culture will never end, because there is no end, until we are all puritans. Someone needs to stand up to this cancel culture and no apologize. It really stifles speech, soon few young people will… Read more »
I’ll bet 90% of the institutions leaving Fisher don’t even know why they’re leaving
I disagree, they know. They know they’re participating in cancel culture.