-- 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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When I went to the University of Illinois the tuition was in the bottom third. Now its in the top third only behind Northwestern and Penn State.
The State of Illinois had drastically cut back on its support for the University of Illinois.
Sad IMO.
Young smart hard-working adults know better than to stay in this economic disaster. If your young and want to get ahead in life, Illinois is not on the top of your list of places to live.
PT, you need to work on the differences between “your” and “you’re.”
Just like who or whom. Usually the word To is before whom like To whom do you want to speak with. WHO is a great rock band and W-H-O is a criminal organization. Or the best on Ghostbusters.- Ghostbusters! Whaddaya want!