-- 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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After years of spewing TDS nonsense, the Trib suddenly has a moment of clarity on taxes? They lost all their credibility years ago.
I respectfully disagree regarding the majority of the editorial board. They have been sounding the alarm for many years.
Yes, true, the editorial board has been sounding the alarm for years but the rest of the paper is a sewer of anti-deporable insults; and practical speaking, the editorial section is on the last pages of the first section of the dead tree version, which means I had to read through pages of Zorn(1) calling me a deplorable, Page insinuating that all white people are bad, Heidi insulting my very existing, with the rest of the ‘news’ article spewing lies, half-truths, fake news and straight up propaganda. Maybe if I was lucky, I could find Kass’s article buried somewhere in… Read more »