-- 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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The most obvious route for this to go would be kickbacks of settled claims to Burke himself. I have no inside knowledge of this but that seems like the logical place some low level schemer like Burke would go.
Wow, a crook using a burner phone. What a revelation. And to think, somebody gets paid actual money to share these foregone conclusions with us. No wonder journalism is dead.
We all despise the crooks. But you should probably lighten up a little bit. There were some interesting new tidbits in that story that made it newsworthy (thus why it was posted here). If they didn’t report it you’d claim that they were protecting the crooks.
When they do, you claim “journalism” is dead. Hyperbole, much?