-- 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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Those OP writers won’t be missed. Boring, banal, and SJW hectoring.
They should list the idiots choosing to stay, that would be more interesting, even those without a life jacket got off the Titanic.
This makes me so happy!
The first line in the article claims that almost 40 journalists took the buyout. As with just about everything else the trib prints that was not the truth. With the possible exception of Kass there wasn’t a single real journalist in the whole bunch. If that first line had replaced journalists with DNC propagandists the statement would have been quite correct. Now, if they only could have signed Rex up we would have had a clean sweep that might tempt me to subscribe again.