-- 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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Hopefully they will close this rag and stop them from being nothing but an extension of Lori’s racist press office.
Good, I’d love to see the private equity burn the paper to the ground. But first start with firing all the leftist propagandists.
What I don’t get are the columnists who basically just roll out of bed and tell you how they feel. Columnists like Schmich, Heidi Stephens, Rex Hupke. Look at this one today by Schmich. https://www.chicagotribune.com/columns/mary-schmich/ct-met-schmich-i-got-vaccinated-20210217-25lofdfqwzandc545bujei6u6u-story.html She went to get her shot and got all weepy. That’s all it says. Do people actually read these columns?
Schmich couldn’t be more sickening if she tried.