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Comment: The Gotion Michigan project is substantially identical the Gotion Illinois project, raising the very same issues, articles about which are collected here.
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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That’s behind a paywall
The NYT lost me for good over a decade ago. I got a huge laugh after they insisted on Sam Bankman-Fried speaking at Deal Book Summit post bankruptcy implosion. They same folks that told us Sam Bankman-Fried was a good guy that “mad some mistakes” is now branding us xenophobes for refusing to sign off on a mother earth killing kickback orgy.
As one might expect from a NY Times article – Communist Chinese battery factory ‘good’, local deplorable rubes in opposition, motivated by misinformation and conspiracy theories, ‘bad.’
Did I mention that the elites hate you, deplorable?