-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
I clicked this article and read it in Reader Mode in my browser for free – because we shouldn’t feed the beast – and, while I feel stupider for reading it, I’m enjoying the Schadenfreude. Zorn calls for ‘debate’ but is really saying that he can’t even communicate with people on his own side on seemingly obvious issues without being called a racist and child murder. Oh really? So sad! Your leftist nonsense, for years, has contributed to an environment of incivility, hate and harassment? No way! You spend your career attacking anyone who thinks differently than you only to… Read more »