-- 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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Isn’t this public money they’re using to purchase a private entity, at least partially? Tax payer money? Used to purchase what is supposed to be an independent newspaper?
I don’t understand – I see a consolidation of liberal leaning, but how can this public/private deal pass muster?
Good to see fake news consolidating. The fewer fake news sources, the better.
Always a good sign when the new CEO of the combined entity has his personal pronouns listed on his LinkedIn profile.
Think about that. A grown man. Advanced in years. In a professional position managing many people and a sizable budget. Feeling the need virtue signal his personal pronouns.
How empty inside do you need to be to do that?
Will any conservative columnist/ voices be welcome at particularly taxpayer funded wbez/st conglomerate? Or probably just some guests articales once in a blue moon from wp or ipi to give the appearance of not being so far left