-- 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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This is certainly among the most blatant of commentary masquerading as news (and among the dumbest).
The author and her ilk live and write in a fantasy world of make-believe. They are completely detached from reality.
It shows how out of touch/ elite the WTTW/WBEZ/NPR crowed is with general public..In past pieces the Heather Cherone has made statements to the effect that if your anti “new arrival” Venezuelan migrant your a xenophobe racist because you welcomed the Ukrainian migrants and in general your a low intelligence individual who falls victim to right-wing trumpie extremists…. Who is the WTTW/WBEZ/NPR audience? it’s my understanding their rating are crashing