-- 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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With their war on over 64% of their potential customer base having reduced their subscriber rolls to the few committed leftists only too willing to have their echo chamber validate their TDS, and subscription dollars hovering near zero, their employees demanding ever more cash for their own pockets, and completely desperate to find another way to subsidize their redundant leftist propaganda operations, the nation’s once-great newspapers follow their Biden Administration mentors (Bragg, James, Smith…) straight to the courtroom to ask for a court-ordered theft of cash from their competition.
I wouldn’t give these socialist nut cases a dime. Ever.