-- 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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Eric Zorn has just been added to the list of quitters. Things are starting to look up at the trib.
The world will be a better place when these two dummies no longer have a platform to spew their nonsense and hatred.
They are two of the worst reporters I have ever seen in my entire lifetime. They need to go ASAP and really deserve nothing on their way out. They are two anti American scum.
Don’t let the door slam on your butt on your way out!
Heidi Stevens and Steve Chapman? We have hit the daily double! Now if only Rex and Eric would leave, the trib might be a little more readable again! Awww, probably not. They will probably be replaced by someone who worked for Pravda.