-- 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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Based upon what I have read in the Illinois mainstream media a new law isn’t necessary. Going along with the flow with no investigative reporting is not something that would ever be a freedom of the press issue. Just another headline that distorts the realities and in a way amounts to fake news with the possible exception of misleading the fresh faced campus liberals that are casting their first votes.
The Tribune is doing everything to ignore real news.republishing news from fifty years ago.
Press freedom is in danger?
No, not really.
Media consumers are in danger of believing all the garbage being shoveled their way.
Dickie & Duckie have to go, but too many Illinoisans don’t agree and Duckie was re-elected.
Stupid chickens.
Actually, Dick’s “leadership” is destroying Illinois and we need to get rid of him and Duck.