-- 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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I hate these Tribune articles. They’re awful. They portray 100 year Durbin like some kind of saint trying to uphold the integrity of the Senate, and they used a picture of him looking like a corpse to get that point across. Then they knock JD Vance for holding up the nominations – using the power he is given by the very Senate rules that Durbin put in place – and they use the “without offering any evidence” line, as if that even matters to the Trib. These articles are such a rag, a complete and utter rag.
The left discovered shiny objects that they have never cared about before- evidence and facts.
As with many primitive people, they use this new discovery as a talisman, something they don’t understand, but they know is very powerful.
I laugh whenever I see them use their talisman, “without evidence”.