-- 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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Dave’s companies are (insanely) based in Chicago. Has he noticed the loony lefty bias over by The Trib and Sun-Times? Not to mention the DNC talking point-infested ‘news’ on local Chicago broadcast TV. Even as we witness the reckoning over by the WaPo, caused mostly by their abandonment of sanity, journalistic standards and 70% of their market in their DNC-induced pursuit of President Trump, the Useless Chicago Media broadcast news collapse continues, with Lou Canellis being let go by budget-cutting Fox32 and his hiring over by WMAQ-TV news. I rather liked Lou, as his presentation was very Chicagoan. At least… Read more »
That’s like saying JB is a little overweight.
Hee hee. Saying that the St. Louis Post Dispatch is “a little too far left” is the understatement of the century. They are off the charts.