-- 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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Nobody will miss the Slum Times and their fellow woke travelers like the Fibune and NY Times. Good riddance to bad rubbish.
So says one of the biggest purveyors of miss/disinformation and lies by way of omission.
Read the Trib since I was a kid and watched the decline, especially in recent years, with growing disgust. Canceled our subscription after the big purge of reporters. About the only thing we miss is the comics.
The once proud Chicago Tribune ceased being THE Chicago Tribune many, many years ago.
Royko weeps.
too bad, so sad.