-- 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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This new guy’s educational credentials are crap. He is a professional student with degrees from, quite frankly, dumpy degree factories with not-good reputations. My dumpy bachelor degree from Bob’s College of Knowledge carries more prestige than this guy’s litany of paper accolades. No one else in the country can get these same degrees and earn anywhere near $200k a year, except for government education in IL. And now, he’s there solely to push more equity on the state, more equity that no one wants or asks for. Remember, when they say Equity, THEY MEAN YOUR HOME EQUITY. “Dr. Sanders received… Read more »