-- 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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Greg Hinz is starting to make Rich Miller look to be a thoughtful and unbiased reporter.
I’m just a moron. Wah.
Sure thing Greg. Keep painting with that broad brush like the worthless hack that you are. Any chance to bash the Republicans is an opportunity not to be wasted.
It’s the Demcrats that have gone far left, not the GOP swinging to the right. Social scientists have done studies proving this. If anything, the GOP has swung a little bit left, and is abandoning the corporate world as the C-suites are filled with hateful wokesters. But Hinz’s job is not to be honest, it’s to be a pundit for his left wing business based readers.
Uh oh, looks like the Silly Willy gang from Crapital Fax is offended once again and doesn’t appreciate your comment. Those losers just can’t handle the truth.
”did you know you can downvote Wirepoints comments again AND get a soy latte at Starbucks.”
For some reason up vote on this records as down vote, technical glitch.
Maybe you’re just an idiot?
I’m just an idiot.
You are an idiot. First time using a computer?
Only I get to decide who is an idiot. As King of the Idiots over on Crapital Fax, I rule supreme. All the fools over there love me!