-- 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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The Slum Times, not worthy of lining the bottom of a bird cage
Sun Times workers should have a side hustle as it shouldn’t be long before they’ll have to produce something of value.
“The revolution like Saturn devours its own children”
I encourage the Newspaper Guild to keep fighting! Stick it to those greedy Public Radio fat cats!
Marxist Shit-Rag Sun-Times Has Union Grief
I thought Amendment 1 was going to allow the leftie st “writer guild union” writers to demand the moon just like their ctu comrades? Ha ha!!