-- 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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Long and well written article; worth the time.
Source of anarchy is past decade-plus of naively enabled “woke SJW” behaviors tolerated by campus administrations. That campus activism of molly-coddled students at colleges and universities has resulted in significantly stifled “progressive” university environments, fundamentally disrupted academics, substantially weakened educational-achievement standards, censored curriculum, watered-down academics and inflated grading policies, and genuine destruction of higher-education’s academic integrity. Our indulged young-adult children, these “triggered” students, were allowed by administrations and progressive faculty to disrupt their educational process, for these SJWs to know that rank incivility and bold-faced self-righteous anger will be prevail over institutional commonsense.