-- 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 Chicago Media are utterly useless, except to Democrats in power. To these cretinous creatures, the Chicago Media is their servile mouthpiece, stenographers for the ruling class. The Chicago Media who long ago turned their backs on 66% of their customers by embracing DEI-influenced reporting now wail and gnash their teeth at their financial losses
These media hacks who pulled the trigger now cry about the death of journalism.
Boo Hoo.
Maybe a loss of credibility, selective reporting, and lack of balance have something to do with it.
Journalism died a long time ago in this country. Boo hoo and see you later.