-- 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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“… continued muckraker …”
Guess coming from MSM as ineffectual as WGN this is mighty praise. You can always tell when you’re over the target, MSM starts with the name calling.
Hope your health improves, John, and that we can continue to subscribe and follow you at http://www.johnkassnews.com and your Chicago Way podcasts.
How massively biased: “Former Chicago Tribune columnist – and continued muckraker via podcast and internet”. The leftists newspaper writers dont even try to pretend anymore. They need to lose their 1st amendment protections and be sued for libel.
The really ironic thing is that Chicago’s and the nations Leftist biased press IS a huge part of the muck he is raking!
We miss you John! Best wishes for a complete recovery.