-- 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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Hinz is increasingly looking like Saddam’s spokesperson who said they were winning the war.
For whom is Hinz writing? I happened to be browsing in several small stores yesterday. Each had a radio on, tuned to a middle-of-the-road to liberal station. On each, the hosts acknowledged that people are leaving because of taxes. I really don’t know who’s buying the spin anymore. And those spinning look increasingly ridiculous!
Good article and hope to see more. Mr. Glennon, I think it’s good to allow guests to use a pen name. You will get more guests here because so many around here fear revenge from Chicago politicians. As long as you know them or fact check them to avoid the fake news thing, which I know you will.
this is true. more than true.
Hinz & Crains should be ashamed of themselves. Good article Dalton.