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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 poor state of journalism has affected this article greatly. In one paragraph the WBEZ reporter says:
“Cook County Health is hustling to make services more efficient and to collect all the money its owed from patients and insurers.”
They cite no evidence to support this, or even any source who has made this claim.
This is one of those “without evidence” assertions that the media loves to make on Republicans now.
So true. ‘Journalists’ sit at their computer and read the twitter feed, and then turn it into ‘news’. I can’t believe news organizations pay journalists to tweet all day.
I can’t wait for Medicaid for All! We’ll all be going to Stroger!
Articale’s a look at a future if single payer medicaid for all becomes a reallity…. a polotition/seiu union patronage pork barrel dream..and fiscal disaster
But cc health is planning new provident hospital that nobody asked for, for $100s of millions a mile from u of c hospital ?? Who knws what the blanchard audit will disclose??