-- 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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Big deal. He still has a position teaching in the Pritzker School of Law. These university presidents never really disappear, they just pop up in a big $$ position in a different department, continuing to get health and retirement benefits.
Michael Schill: sticks and stones will break my bones, but it’s really the mean words that hurt me!
What a sorry excuse for a man who couldn’t face the truth that was expressed in mere words, so he has to run away.
Schill is a coward who couldn’t face down 20 year old students who have mush for brains.
He’s no different than a kindergarten teacher losing control of a classroom of 5 year olds.
Oh no, how will he ever survive? This overpaid jackass with no common sense needs to be unemployed for awhile. Good riddance.
Good riddance. He embarrassed NU. Did not protect Jewish and other students. Cut a deal with Hamas supporters. Hired political activists on the NU payroll. Represented the University horribly in Washington. It is good to be rid of the bum.
And beyond the factors you mention, do these Presidents ever question the value students receive? Is it even on their radar? NU offers the opportunity for a solid education, but at $97,000 dollars all in each year? Really? And what if the debt load so many students carry? The system at places like NU is unsustainable.
His resignation matters to no one. So may he retire in peace.
He’s “only” 66. If he follows the lead of some of our other septuagenarian and octogenarian public sector heroes, he can still work for at least several more years at an outrageously high salary paid for by the taxpayers.