-- 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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Good analysis Ms. Rosenbaum. You are right on with respect to the Trib not standing for anything any longer. To highlight your point, other than the ever present local crime and shooting stories, look at the articles on anything relating to national or international news. They all come from the AP and the New York Times. Does Trib ownership think that’s what most Chicagoans want to read?– Leftist off -the- shelf canned articles?
Fire Dahleen Glanton and Rex Huppke for starters. As the Contrarian said, stand for something!
What happened to the Stephen Chapman who used to stand for something? He has turned completely to the Dark Side.