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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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DePaul has lost its way. Used to be a family values, pro-American, good citizen, solid basic education university. Over the last ten years you can see how not only the students, but the faculty and administration have all leaned hard left. And don’t forget we have a hard pro-union cardinal in town who shot off his mouth about numerous political issue when he first came to town. Someone convinced him to cool it on the political dribble but you know he is having his influence on Catholic organizations all over Chicago. And, Hey–students who publish this paper, you ought to… Read more »