-- 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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Who are the economics superstars behind “Woke” Capital? Or, fake-progressive “”Woke” Capital Illinois style? hasn’t all that MMT garbage been discredited? Or maybe, here in Illinois we got are own (“sure can count”) Ralph Martie superstar from CTBA & mighty Roosevelt Univ econ dept to make the bs all go down like a spoon full of sugar?
My law school professor was a truly great person. Former head of the FTC and tolerant of all points of view. He was liberal, but today would probably be seen as center right. He complimented the Chicago school for making the profession think about their priorities in enforcement and regulation, stating the exchange of ideas made us all better. Can you imagine a law school professor saying such a thing today?