-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
The media husiness has long been in major flux with big challenges posed by the internet, so there is that, but by having such a leftist slant they further undermine themselves. And why any news organization would permit reporters like Mihalopolous and the Tribune’s Pratt as two examples to use social media to promote leftist causes is puzzling. It taints the papers articles, not just their own. Seems like a crusading leftist media is getting some overdue pushback from the market.
I’d love to know what WBEZ subscriber/ audience #s are in Black & Latino communities that WBEZ claims to champion thru endless EQUITY stories!!….I’m sure the #s are next to ZERO…..EQUITY!!!!
I feel very sorry for anybody who gets laid off, especially in a sector with few job openings, like this. However, as the wokest major news organization in the state, WBEZ’s problems are largely self-inflicted.
Did they apply DEI/equity standards to layoffs….i.e. get rid of any old straight white guys first? (Or maybe they didn’t have any left in first place?)…EQUITY!!!
THEY CAN LEARN TO CODE.
https://en.wikipedia.org/wiki/Learn_to_Code
Or work in a solar panel factory, Biden’s people said earlier. (And, please, easy on the all caps.)
Burn it to the ground, close the studios and sink that part of Navy Pier into Lake Michigan…