-- 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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The area around the university would have been haven on earth had not been for this hell of a school. Is that what is implied?
I want reparations for a lifetime of carrying societal parasites who always have their hands out.
I am all for reparations being paid as long it is these students who put their own money forward. We all know that that will not happen . The real world has a rude surprise for these pollyanna fools.
Any connection they had to the real world was severed long ago.
I didn’t know there was both an old and new University of Chicago. Apparently, the “old” university was open during the Civil War and had ties to slavery. But it closed, was foreclosed upon, and they opened a “new” university in its place. I don’t think any of the old buildings are used in the new university. In fact, there was one stone from the old UofC that was used in building the new UofC but was removed last year. So there really isn’t a logical connection for reparations.
They are unrelated and weren’t even located in the same geographic location. Completely unrelated.
Is the Univ of Chicago still Woke enough? This is exactly what they want and have preached and taught to young minds over the decades. Reap what you sow. You are a bunch of woke intellectuals surrounded by violent thugs. What happens now if you don’t submit to the mob?
Only a billion, why start small, ask for a gazillion!
I think they ought to do reparations, but raising tuition at U of C and having the students pay for it
Extortion takes many forms: teacher unions, truck drivers: every sort of rent-seeking opportunist from Al Sharpton to Vlad Putin. Nor is there any way to calculate the cost of buying-off the extortionist nor any way to enter into a binding settlement agreement that a court would enforce. From kidnappers to pirates to bitcoin hackers there is no exchange where one can go to find the fair market value of their “ask.” Worse — these days they can find legislators or other bureaucrats to threaten your tax exemption or your zoning … or your children. Perhaps we can establish a Ministry… Read more »