-- 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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I’m an SIUE alum and I find the actions of SIUE here to be abhorrent. Thank you for bringing attention to this story. This is one of many reasons why I’ll never donate to woke SIUE. This story reminds me of the time that SIUE harassed students who were members of the conservative group, Turning Point USA, who were kicking around a “free speech ball,” which was a beachball with conservative material written on it. The campus police officer who told the students to stop stupidly didn’t even know that SIUE is a public university. He was an airhead with… Read more »