-- 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 is a worthless paper and they are contributing to the destruction of Chicago.
Any one who believes otherwise is mistaken. The Trib has joined the “usual gang of idiots”
who will make Chicago look like Haiti, Tic-Toc the clock is running down..
I think this was a good editorial, which is generally true about the editorials vs. the news side at the Tribune. Steve Daniels from Crain’s recently joined the editorial board and he’s got some common sense, making a big difference. The Tribune’s news pages are reasonably good on Chicago government, but as bad as you say on other matters. Most conspicuous is their selection of national stories, which is obviously done, like most MSN, to promote the left flagrantly using crap from the AP and NYT. And they never lay a hand on JB.