-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Doubting whether they’ve looked into research funding in enough detail. There may be much more that can be saved.
What does this mean for the U of I? Maybe another hike in foreign student enrollment.
Their suit cites case law that will likely be overturned by more common sense and constitutional judicial review. The lawfare conducted against the American Taxpayers, who are the true defendants in these leftist-led lawsuits, has begun to crumble, even as the left continues to judge shop their way through the courts. To their argument: Limiting administrative cost overruns to 15% will “…devastate scientific research at America’s universities…” according to this suit. The actual research funds are untouched, but, dammit, college administrators need McLarens too. These attorneys are abusing their law license with these groundless lawsuits. Once they eventually lose this… Read more »
The debt fueled, money printing porkfest is coming to an end.
The Dept of Energy seems right on this one. There is no way DofE (taxpayer) money should be paying for the expanding administrative bloat that universities like Illinois are now famous for. Heck, just cutting the DEI and other “social justice” positions in their research departments will save millions. Prioritize basic research, with 15% for the accountants and other very focused support.