-- 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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Blah Blah Blah MORE TAXES Blah Blah Blah MORE TAXES Blah Blah Blah
And now that I am Free at Last, go right ahead. The clowns that live there will love it.
No matter how you distribute it, you still need the money. And how much of the money goes to administrators vs. faculty.
Nice to see two reps that are still carping on covid have decided that a dwindling collage population needs more of the states ( your ) money.