-- 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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Why did WTTW not make zero tolerance of corruption a regular policy statement or feature of any WTTW production in the last 50 years?
Why did they not tell their audience in the Wilmette Talks To Winnetka area to not contribute or vote for corrupt politicians?
Could it be that WTTW is Milquetoast and a little behind the times on the really ugly stuff. Stopped watching WTTW a long time ago.