-- 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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Nowhere in the article do they talk about greed of the state government for my wealth and earnings. Some of the highest property taxes, more units of government all vying for their share of state handouts from the income tax. Energy taxes that doubled the gas tax. Highest taxes on cell phones in the nation. And a sales tax model that allows every level of government to pile on their cut of consumer activity.
That’s the Tribune’s news side for you.
“I’m JB the Hutt, and I approve this message.”
Are Dan Petrella and A.D. Quig paid directly by Pritzker and the DNC or is it through one of the many dark money creatures that inhabit the political landscape?
This puff piece reminded me why the Tribune cannot go bankrupt fast enough. This isn’t reporting. This should have to be disclosed as an in-kind contribution to the DNC and JB the Hutt’s war chest.
#ChicagoMediaIsDead
Once again, JB is sitting the bench watching the more desirable players. He has been, and always will be, no more than an afterthought to his family and everyone else.
What a nice syrupy article as it regards to Illinois Governor Pritzker. At first glance I recognized, with articles like these, why fish wraps like the Tribune are mere skeletons of their past as much of the public votes with their wallets in these matters. On second thought I pondered that perhaps the authors, recognizing the ultimate end of the Trib, were actually pandering to Pritzker with the hopes of securing a future position in his organization. Perhaps it will work out well for those two but for me, and I am sure others, it simply further cemented my negative… Read more »