-- 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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The problem with this state for years have been they did not based scholarships on academics, rather they were base don alleged need, diversity goals, and minority status. Academics had no place in the finical aid scoring systems, There was no reward fro 4.0 GPA white kids of upper class households but free money was available to every pants dragging. tattooed, fatherless degenerate who wanted to get a degree in art history,sociology, political science or some other useless drivel. Moreover the state colleges started assessing punitive higher tuition rates for those students in STEM disciplines in order to support those… Read more »