-- 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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Raising rates while student populations are declining is a sure fire way to fill up those college classrooms…
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That price increase will certainly add the the immense value of a degree in Left Handed Minority Persons without Penises Studies.
Nothing to see here. Biden will forgive this additional $238 along with the other 100K!
Student can get loans so when the graduate they have over $1000,000 in debt. The money goes to high salaries of the Staff. All most that amount goes to fund HUGE PENSIONS. $5 million pensions cost a lot of money to fund. Luxury homes in Punta Gorda are not cheap.