-- 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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Crains hasn’t been relevant for about as long as the Trib. I own 2 businesses and the last place I would look for business news is Crains, Bloomberg, CNBC, etc. It’s all BS, propaganda or paid for stealth advertising disguised as “news”. Mike Royko warned us this day was coming way back in the early 90s, not to let the proliferation of news outlets be mistaken for news sources, which in the age of consolidation were actually decreasing. It only got worse and here we are, compete disinformation at every turn. This is why Wirepoints and independent expert analysis is… Read more »
I think Dan Proft said it best:
Crain’s is Chicago’s anti-business, business newspaper.
So Crain’s found content it’s willing to publish for free.
The new race grift. Same as the old race grift.
DEI is a fraud
https://eurweb.com/2021/11/04/kevin-mcgary-diversity-equity-inclusion-dei-is-a-fraud-change-my-mind/
I’ll save you time. The give us free stuff crowd wants more free stuff.