-- 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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WTF took him so long to come around to sanity. He donated an unrestricted $300,000,000 to Harvard JUST THIS PAST APRIL 2023 on top of the $200,000,000 he’s donated in years past.
We’ve all been screaming at the top of our lungs for YEARS to STOP FUNDING THE COMMUNIST UNIVERSITIES but these rich billionaires still think they know everything and don’t listen to anybody.
And let’s be honest Ken, Harvard swindled you out of $500,000,000, because if you knew then what you know today, you would have NEVER given them $500,000,000.
What took him so long indeed. Just 9 months ago he was excited about working with Harvard. Pretty sure DEI didn’t start in these last 9 months.
He didn’t just give them money but endorsed them as a “great institution”.