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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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Welcome Tribune to the same censorship world of everyone else who isn’t’ part of the Pravda media. Maybe Tribune can kowtow some more and get into the tyrant’s good graces. Look to Rich Miller for the acceptable fealty.
“Ethically dubious” means the Democrats are doing something illegal and they don’t want to be on the record lying about it.
“Ethically dubious” describes so much of Illinois, Cook County and Chicago politics.
Reminiscent of LL’s “Keep Chicago out of your mouth “ admonition. Maybe it’s a Dem thing.
The state capital must be such a dismal place.
It sure is. Always has been IMO. Everybody you run into is looking at everybody else and kind of asking, what’s your racket? Who is paying you? How could I grease you? It’s like a filthy can full of worms, grubs, snakes and insects.
This is we’re the Tribune reporter needs to file a lawsuit, Springfields shenanigans need to stop.
Just like Washington
Looks like Illinois House Speaker Welch is taking pointers from Chairman Xi and his pal Putin.
Wow, from the Tribune. From Rick Pearson even. Maybe they are hearing the criticisms of how they ignore what’s wrong in Springfield.
I doubt it Mark. It’s more like the Trib is thinking “we’ve been covering for your illegal activities for decades, and now you’re shunning us”.
Yeah, I suppose you are right. And it’s only when their own reporter gets cut off that they complain. Meanwhile, the massive government censorship complex has gone unchecked and they’ve never said a word about that.