-- 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 seems that professors are one of the lowest forms of life.
Sorry about your flags, John Brinkmann! I may have worked with you many years ago in Evanston (under my real name).
Hmm, could this undermine public taxpaying support of higher education?
Communism is never popular and public opinion is never on the communist’s side. But they do it anyways, because they are committed ideologues. The public is going to pay for the ‘education’ of these terrorist sympathizers whether the public likes it or not.
Trivia to be pondered: any way, vs. anyway, vs. anyways. I’ve noticed you favor the third choice. Then, there are doctors who have to think about decisions and incisions somewhat simultaneously much of the time.