-- 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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For the ST fake socialists writers any company or individual ,big or small, who tries to compete in free market to produce good & services is suspect. Much better to make your cozy upper income living at failed newspaper turned partially taxpayer funded non-profit or get gigged-up with zero risk/ guaranteed public sector job on the tax payers dime. Worrying about words like–debt, profit, productivity, etc is for dummies…….all that stuffs systemically evil. That’s the basic equity hustle
Damn, Neil Steinberg is still around? I thought that idiot got fired years ago.
Yup. Vile as Neil Steinberg is, he is still a regular columnist at the Sun-TImes.
Sorry Mark, I have to correct your statement. It should read, “he is still a regular PROPAGANDIST at the Sun-TImes” Other than that, keep up the GREAT work.
Well the Sun-Times is written at a “See news. See news run. Run news, run!” level so he fits right in.
This is a first for me. I have never seen a reporter happy to see their home town lose a major corporate HQ. Just another example of how low Chicago has sunk. Even the media, and the union run SunTimes, are trying to to tell the public that a punch in the gut to Chicago feels great.
Rather than look at reasons why a large corporation would choose to exit your city, Neil gets all indignant and screams good riddance. He’s as childish and petulant as Lori, and that’s saying something.
Looks like Steinberg is drunk again — another fact/reality free pile of puke column