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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 article gets my coveted “almost spit out my morning coffee laughter award” today. To be sure it is a very well written article and is certainly worth a read but the one line about Pritzker namely ” Each morning he has eaten three breakfasts with different state delegations.” made me lose it with bouts of laughter. Note that it said “eaten three breakfasts” not “attended three breakfasts.” I don’t like to focus on Pritzker’s physical attributes and I’m sure the author had other intentions when writing it but “eaten three breakfasts” and a picture of Pritzker made me lose it.… Read more »
“and to test his weight on a national stage.”
Oh, that poor stage! LOL!!!!!!!!!!!!!!!!!!!!!!!!
I DID spit out the coffee with the “test his weight on a national stage” phrase. Wow. This is “Journalism”? Once upon a time I subscribed to the Economist. It provided thoughtful and relatively unbiased global news from a British viewpoint. Now its simply another left wing Pravda mouthpiece. Their Brexit coverage was appalling.
It was Michelle’s line that got me. She said her parents are “suspicious of folks who took out more than hey needed.” Like, say, her three luxury homes? These people have zero shame about anything they say.
I think it’s 4 homes. People are not happy with her remarks.
https://www.distractify.com/p/how-many-homes-do-the-obamas-own
It’s hard to keep up the the most accomplished grifters around.
Agreed. No homework done by the author. The Economist lost it some years ago.