-- 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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Insurance
(illegal immigrant Medicaid harvesting in order to pay capitation to Centene)
(look up Pritzker trust Centene investment)
does not equal healthcare.
Of course this is a cluster screw of epic proportions, but CBS, NBC, ABC and WGN won’t give it any attention. Not a real journalist in sight on those awful stations.
There are new communication channels popping up every day. Legacy media has less and less of an effect year over year.