-- 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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So you media types need protection when you regurgitate woke Democrat press releases? Or do you need it when vomiting your SJW, DEI and Climate Cult “reporting” into the airwaves?
Maybe try objectivity and journalistic standards, both of which disappeared back in 2008. Hire some adults, lose the interns. Heck, you might even win some customers back. Or you can continue down your current leftist path and end up like the pathetically failing WaPo.
Your choice, media elitists
The media that willingly and blindly parrots every syllable Big Government utters needs protection from Big Government intrusion??
There’s a bit of satisfaction when they start attacking one another, eh?