-- 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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Depaul grad- Done with my yearly donations Depaul!
Eric Zorn is not a journalist. He was an opinion piece writer – gloried blogger – who used to have a daily column in legacy media.
He’s he’s officially a blogger with a substack with probably daily clicks maybe in the hundreds? A thousand? Does anyone really care what Zorn has to say?
Right, nobody cares what he writes. His platform is gone, his voice is reduced to that of the thousands with a social media account, just more noise. His laurels mean nothing now. A dustup with a student newspaper is the most ink he will be getting for a long time. And even that is only interesting because its about the woke cancelling the woke, not due to some genius tome he wrote on substack lately. Its interesting only because there is no way in hell he can pin any of this on the right, although he tried, pathetic.
So true. And ironically, in this situation, Zorn’s position of meekly defending the officer was to the right of the communist wokesters.