-- 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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How the New York Times stays in business is the 8th Wonder of the World. I can’t believe New Yorkers are dumb enough the keep that rag a going concern.
It’s not new yorkers. It has a nationwide subscription model. My friend’s crazy leftwing wife has a subscription. Loves the anti-Trump, anti-Republican angles. And the recipes and high culture too
The NYT is a straight up progressive socialist propaganda machine. It serves no purpose, as even your pet parakeet would commit suicide if you lined the bottom of its cage with that drivel.
Typically awful NYT. It includes nothing about the most controversial things Johnson has said about schools.