-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
We can expect all the journalistic standards of NPR with this initiative. Direct funding takes the mask off of the government stenographers masquerading as reporters.
Hard pass. We already have ad-supported propaganda organs like the WaPo, Trib, NYT, MSNBC and CNNABCNBCCBS.
I’m not for government control of the media. That said, Fox News and MSNBC aren’t government funded and I don’t trust either.
Propaganda is alive and well. It just comes from private interests.
Vote Red