-- 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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Loyola University has only accomplished one thing for supporting the domestic terrorist Marxist blm organization,, that is a decrease and soon to be total stoping of alumni donations. Loyola has also been accepting unqualified minorities in the medical and law school since the 1970s to the detriment of infinitely more qualified white students. I stopped donating years ago and have encouraged my friends to do likewise. Let Loyola collect from the unqualified minorities they accept not me.