-- 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 have no problem with the union occupying a seat on the board, but it should only be one.
I stopped by a hot dog stand yesterday and there was a copy of the times on the counter so I started flipping through it, I sh*t you not the entire “news” section, the first 5-6 pages were all race based “news” from CPS to policing to housing, it’s basically just a CRT version of a newspaper, its terrible and this is what the morons of Chicago absorb everyday, like brainwashed sheep, that everything is racist against them.
Fake news frauds at Sun-Times will soon be out of a job, selling pictures of their feet on Only Fans
There are also no journalists currently working at the Sun Times.