-- 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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Tripe like this is why the Chicago Tribune is a hollowed out husk of its one-time greatness. Are they writing for five year olds?
They are correct in that the Red Line Extension is a gross misappropriation of public funds, but they also left out the per-ride cost of $2.9 million – an unconscionable figure. This same group of ‘journalists’ will be the first to shout ‘racism!’ when the DOGE Group correctly selects this project for deletion.
Chicago media is dead.
Dorval is running away fast. Dorval has a big bag of unearned money. Run, Dorval, run!
So St Anthony Hospital has appointed this ineffectual leader as their new CEO and Chairman. Hasn’t St Anthony Hospital suffered enough?