-- 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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Not surprising. With Democrats in control at the federal, state, and local levels, they ran out of villains. I suppose they could rant on Lightfoot, but criticizing a gay black woman was probably not their brand.
That One Illinois’ content was clearly biased wasn’t the problem. It was their lack of awareness of their inherent bias. One Illinois was basically an echo chamber within the public sector echo chamber. I don’t think they reached the common taxpayer, at least the ones who didn’t share the same bias.
Whaddaya think, Mark, do they resurrect Illinois Working Together?
I’m actually sad to see them go. Really. I will explain in an article.
GOOD NEWS: Far Left Fake News Trash Outlet One llinois — Founded By Former Chicago Alderman/Race Baiting Fraud Ameya Pawar — Shuts Down –
http://www.chicagonow.com/interesting-chicago/2017/06/ameya-pawar-takes-a-cheap-shot-calling-governor-rauner-a-racist/
No loss there.
These socialists can go back to walking and grooming dogs.
No one cares what propaganda they spew.