-- 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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Kwame is suing to be on TV
The Illinois AG lawsuit brings to light a very important question in these difficult budget times – If the state colleges are not open and do not appear to be making any attempt to open, then why haven’t their budgets been cut?
Let them go to their own schooks, in their own countries! ＼(°o°)／
It seems like the Ivy League, Big Ten etc all just want to become a bunch of correspondence schools and collect a huge pile of the taxpayers money in the process.
Here’s my answer: No and HELL NO!!!
Cut off all taxpayer funding to these America Hating Institutions!!!