-- 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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Art Institute’s reputation has already been tarnished by former payroll manager who embezzled more than 2 million dollars over a 12-year period. And let’s not forget the firing of docents at the Art Institute. Dedicated volunteers were dismissed for no good reason. Every major organization/school system/museum in Chicago has been tarnished by scandals and corruption. It is the Chicago way.
Yup, I weep no tears for the Art Institute because of those reasons… another former gem (I was a proud member for many years) gone to woke “seed”, so screw ’em…!!!
So the Institute that virtue signaled for all to see and hear by ceremoniously canning long time employees because activists told them to are refusing to return property to its rightful owners. How progressive/ Marxist.