-- 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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Fortunately cancel culture only seems to take place in academia, the media and journalism. Social media is filled with obnoxious offensive trash and no one seems to care.
The rest of the civilized world, not on Twitter, doesn’t really give two craps about it. If the media stopped reporting on cancel culture, it literally wouldn’t exist but for isolated industries.