-- 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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A heavy hand somewhere screwed the Tribune out of business. It wasn’t and accident. Hmmmm…….and they sit on stories for Herself! They also keep meaningless stories on page one for a month; A Month!
At some point, the corporate casualties can’t be dismissed — either Illinois abandons its job-repelling policies, or it becomes non-competitive in the 21st century economy.
20 years too late Trib. May you be the next to fail and be tossed into the dustbin of history. The Trib more than any institution in this state failed it’s job to properly educate IL readers and instead turned it’s back on over 100 years of conservative writing. I suppose the chain of asset stripping owners did too. Once they endorsed Obama it was over. Where’s Obama now? Oh ya, Martha’s Vineyard. But at least he got to steal a park for his monument to class warfare, poverty pimping and racial division aka community organizing.
As well the MaryAnn Aherns of our local news broadcasts…. They have been (and are) completely derelict in their duties….