-- 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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Reporters are scum of the earth and the enemy of the people. Anonymous sources = fake news. I shouldn’t have to trust some Democrat party operative – disguised as a reporter for the Sun-times or Tribune – to learn which corrupt Democrat the establishment media supports. It’s disgusting, and reporters are shameful. Wait, they have no shame. That’s why they get no respect and they don’t deserve it either. The DC press corp is out of their minds right now with the ‘anonymous’ sources because they have few, if any left, in the white house. So having established the ‘anonymous… Read more »