-- 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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It simple, if the universities don’t want to follow the regulations attached to federal money, they can stop taking the money. Large donors often have stipulations on how their donations will be spent and the federal government is doing the same within the framework of regulations and laws of the country.
Wilmette Talking To Winnetka steps right up to advance antisemitism and DEI. Obviously, Northwestern doesn’t need the money, perhaps the rest should admit the same.
Thanks for the list of schools to never recommend to anyone. Pravda USA network is good for something after all, it seems.
Awww, to bad. These wealthy organizations are pissed off because someone is asking questions about what they do, what they spend and why. Sign all the friggin statements you want, your only interest is the Federal tax payer cash and not having to try and earn it yourself.
Harvard (?), bowing and scraping for Fed money is sitting on 2B dollars in endowments.
Harvard’s endowment is 25X greater than that – over $50 billion.