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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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Government(s) subsidizing “news” organizations has all sorts of potential conflicts.
Here is an effort at the Federal level.
https://www.cjr.org/business_of_news/local-journalism-sustainability-act-limits.php
More articles about the Federal Local Journalism Sustainability Act are in the following edition of Truth in Accounting’s Morning Call newsletter.
http://www.truthinaccounting.org/news/type/morning-call
Cant read the article for the paywall. But the phrase “journalist turned politician” is about the most disgusting, and scary phrase I can think of. When a scum eating bottom crawler, or “journalist”, decides to move one step up the evolutionary ladder to become that other scum eating bottom crawler called a “politician”. As a now politician his idea of a “news desert” is probably defined as an area with insufficient propaganda.
If you use Firefox click the little box or page to the left of the star on top bar in middle. Should be able to read article.
there is a political accountability desert in government, an American Patriot desert in Washington and state capitals, and a common sense desert on Main Street.
Being in a rural news desert is not a bad thing. Think of all the horrid news you’re missing!
You took the words right out of my mouth!
More fake news! just what we need
You took the words right out of my mouth!
I have to often wonder if the average Illinois voter simply can’t read the news.
One area that needs reporting and transparency are school contract negotiations. The media-mayor-state reps-taypayers are not allowed in any negotiations yet are bound to the terms without any input. The public schools are public institutions and contracts should be scrutinized before ratification since they are mostly taxpayer funded.
These school boards remind me of your typical condo association. The people that run for these positions don’t have the financial acumen or skills to negotiate. They don’t want you seeing how weak or incompetent they are. The unions don’t want you seeing what they get away with either.
Just like the homeowners association which just collects my $100 in yearly dues on my rental. They made my neighbor to the left of me take down a $14,000 PVC white fence to match his deck which was beautiful because it was against subdivision policy. The neighbor to the right had an ugly dog ear wooden fence which is warped now and that is fine. He complained but it is in the small print under rules but now I see that others have PVC fences. His fence was not too tall.
The Board isn’t there to negotiate with teachers’ unions. The Board is there to cave to their demands! The unions support the board members (usually progressives) with endorsements and financial backing. They pay for those placards on your door handle or neighbor’s front yard that that says “Vote for Sally. She’s a Mom and Pro-Teacher!” I mean, who is against moms and teachers? It doesn’t matter that Sally is a nutjob who hold far left views that 80% of america doesn’t agree with, she’s Mom and Pro-Teacher! So Sally is easily elected by the 14% of progressives who vote every… Read more »