-- 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
I’ve been working for Northwestern for many years & it has been a humiliating, disgusting experience for me. The university that had almost 30% of Jewish students, very successful alumni that this University has to be most proud of, sold them all out to the worst enemies who want nothing but annihilation of the Jewish nation & the state of Israel. This disgraceful administration surrendered to anti-Semitic radicals in a despicable way, demonstrating not only cowardice, but their treasonous policies & historical blindness & illiteracy. The university is producing liars for Al-Jazeera proudly blaming Israel for their own crimes against… Read more »
Marina, salute to you for speaking up. Thank you.