-- 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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Love it… Evanston has benefitted from having a Big 10 university in its backyard for decades… Until the nonsensical treatment of PF, the football program was bringing interest and additional revenue to the area and the school… But, God forbid the university president be less loved than the coach… PF had to go by whatever means necessary… And all of the economic benefit that would come from a nicer, more modern stadium? Well, that cannot happen… NIMBY. But, sadly, the same morons who ru(I)n most universities are the same babies who recoil at the idea of fun and a decent… Read more »
“who recoil at the idea of fun and a decent university experience…” Most college admissions departments *hate* straight men (especially white men who are leading the decline in college attendance). This is reflected in college demographics where most colleges, including Northwestern, have far more women than men. But at the same time, colleges recognize that to attract quality candidates, they must provide a ‘decent’ university experience, which for most girls means giving them chance to find a boyfriend. Some colleges just don’t care, like Loyola which is 68% women and 32% men, while Northwestern tries to at least give the… Read more »
Do you want 30,000 people trying to drive and park in your neighborhood every weekend?
Do you want loud outdoor concerts at night when your family is trying to sleep?
Me Neither.