-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
More unsubstantiated nonsense from the Sun Times.
Panic! Panic! Panic!
😮 In time these parents who fail to support the offspring they created, actually may be forced to feed them! Soylant Green is the solution!😉
Wait a minute. The only cuts we see are to administrative staff. The DNC typist who penned this screed couldn’t seem to find any actual cuts in funding to providers. DNC typist Lauren FitzPatrick writes: “This week, President Donald Trump’s spending cuts eliminated hundreds of workers across the country who oversee Head Start preschool,…” Lauren, those aren’t funding cuts. Those are bureaucracy cuts. You don’t cite a single loss of funding to providers. Not one. This is journalistic malpractice. It’s this blind defense of the bureaucratic state that has Illinois in the verge of insolvency. Are any adults working at… Read more »
Yet, you still click the link and read the article. I don’t even bother to do that anymore. Because I don’t care or think about the Slime Times at all…
Don’t confuse reporting in the Sun Times with truth.
Trump targets programs that absolve parents of taking any responsibility for raising their own children.
All the articles on ‘Trump cuts’ never ask how much of proposed to be cut funds are spent, expiring, or still to be spent ARPA-COVID funding?