-- 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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Interesting if the deal went thru, one of the Pritzker foundation would be one of the primary funders
I’ve not picked up a copy of the Slum – Times for decades, so no biggie if it disappeared. I *used* to listen to WBEZ all the time, now it is absolutely un – listenable, with all the wokesters complaining and whining about everything and ALL THE TIME! Never anything funny or uplifting or simply “enjoyable” to listen to, all is now a screed. Life is short, and I don’t need to listen to their miseries. I keep thinking, “Aren’t these people EVER happy about ANYTHING…!!!????” And these are primarily “people of privilege” – they bring new meaning to the… Read more »
Ah I see, the two Marxist propaganda companies will merge.