-- 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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“Objectivity proposes that there are two sides to every story. But in fact, there are many perspectives, and the ones most often left out are from marginalized communities whose representation is absent from newsrooms.” Glad to see this moron was fired. This man sets up a straw man argument, with a fake definition of objectivity, and then knocks it down! Furthermore, who ever said it was the journalist’s position to a) determine who is marginalized; b) decide what their perspective is (or should be!); and c) have the authority to report it? HE ALONE DECIDED! Webster’s Dictionary. Definition of objectivity… Read more »