-- 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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Does tuition amount really matter? It will be forgiven down the road someday.
Spot on Fred, paying tuition is for chumps.
Colleges holding the line on tuition increases is as likely as illegal aliens actually showing up for their asylum hearing, being denied asylum and being immediately deported.
The next sound you’ll hear is your alarm clock going off.