-- 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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When is the leftie / machine shoe-shine press going to declare wp & ipi fake news?
So the Tribune and its fascist goon squad want to strengthen journalism and democracy by banning speech they disagree with.
I had no idea the Chicago Tribune was still in business. I thought they went bankrupt or got bought out.
I get all my local news from North Cook news.
https://northcooknews.com/