-- 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
Hmm….I thought BJ was an educator…..
Nice editorial, Trib. Will your next piece of advice be to tell Mayor Pinhead to play in traffic?
Which genius at the Trib wrote this embarrassing drivel? Praising a bullshit artist for his bullshit in order to criticize another bullshit artist for theirs is peak Tribune…bullshit.
Sorry, Johnson is not interested in anything beyond his particular flavor of progressivism. Try again with the next mayor.
Communist leaders are well known throughout history for their ideological diversity in their dictatorships. Lenin especially liked his rivals, right up until when they had their unfortunate accidents.