-- 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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What is wrong with using university dorms. Lots of empty beds. You would think the universities would be falling all over themselves to offer the state their facilities. I mean aren’t these places full of virtuous and magnanimous individuals
McCormick Place has lots of electrical outlets, internet and plumbing drains. It has huge parking lots. The infrastructure is just better there than some dorms.
You haven’t seen some of these new dorms? Plus many of these dorms are near hospitals.
Speaking of which, I wonder if the voracious unions at McCormick Place will be up to their usual tricks like requiring a union electrician whenever you plug a cord into the wall. Maybe that’s why Lightfoot picked it.
I guess some universities are doing this already … https://www.chronicle.com/article/If-Coronavirus-Patients/248288
Call it St Groot’s