-- 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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The Trib has come a long way baby!
they’re doing a great job with editorial page.
Healthy digital and print subscriptions? Who gets the paper delivered anymore or picks it up at the local convenience store? Can’t remember last time I saw someone reading an actual newspaper. The Trib offers so many digital discounts that it’s hard to believe they make money at it. And, how’s the ad revenue doing?
Just got my $1 a year special again.
I captured his it says you can cancel online because we all know that’s a lie. Just put the phone on speaker it takes hours
The ship is sinking fast. Take the money and run!