-- 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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What’s my parakeet gonna poop on if the Trib goes under?
Costs for the Tribune paper delivery go up every three months but nothing better to show for it. The owners have the money to buy another newspaper but can’t invest in the Tribune to improve it and possibly increase subscribers.
Market place forces at work, the newspaper business has been declining for years. The printed paper is almost dead. Sorry for the journalists, time to get a public sector job and live the good life.
Why should they offer a “sweetener ?? Contact states what they are to receive. No need be is guaranteed a job for life . Maybe if the Tribune didn’t go woke it would have a better subscription base .
Housing- unaffordable unless you’re on public assistance. Food- ditto. The Arlington Bears 6W-12L. You’re welcome, Trib.