-- 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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Good for the U of C. If the dweeby little 18 years olds are so coddled now that they need protection from ideas and speakers, what will they be like if they have four more years of babysitting. Anyone who has been to college knows that seeing and hearing other viewpoints and things you disagree with is part of the experience– and a big part of growing up. If the poor little ones don’t like that maybe they should be home schooled int their living rooms by mommy and daddy.