-- 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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Old Joe worked his way thru Michigan State and these wokesters can too. To paraphrase Obummer; “yes you can!”
State universities have bloated payrolls. There is plenty of fat that could be removed to free up funding to feed hungry students. I recommend starting with the grotesque DEI offices each university deploys.
Spot on University of Michigan spends millions on this tripe.
Maybe reducing the price of food for use with the campus cafeteria card would help a bit.