-- 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 will become a business school case study on going woke and broke. Looks like I’m gonna have to buy printer paper for my parakeet cage!
Well for one you can read it on the phone. 2nd they sugar coat Chicago problems. It isn’t journalism. Lacks truth
Shouldn’t be surprising to anyone. The Tribune is no longer anything anyone wants pay for or read. They seem to carry water for the liberals and do little investigative reporting, beyond parroting what they are told at a press briefing. Who wants to pay for that? It is sad, society needs a press that is willing to ask questions and inform the public.
Hopefully, the days of stilted, left leaning media outlets supposedly being unbiased but actually anything but are drawing to a close. Maybe they are only shifting their tactics, as in Soros’ purchasing a 200 + station radio network with no opposition from Joe’s FCC, but it’s heartening to see reasonable people rejecting rags like the Trib and Sun- Times and tuning NPR out.