-- 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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The Sun-Times has become a little church pamphlet for the faithful.
Let’s hope they replace the editorials with cartoons.
At least it would be something their readership might understand. Might.
Have you seen Pearls Before Swine in the comic section?
We all knew when the Sun-Times became a ward of National Panhandler Radio’s local outlet, the game for Chicago’s newspapers was over. It’s done. The effects of the wholesale abandonment of over 50% of their subscription base by catering to the extreme left have run their expected course. The Sun-Times was always more left than Colonel McCormick’s newspaper, with both embracing the hard left by 2008. The fall of the Sun-Times was fairly predictable. The one-time paper becoming a pamphlet in recent years, devoid of most of the advertising that once encouraged a more substantial offering. Now they can’t afford… Read more »
Throw the Tribune in with that.
That was Col. McCormick’s paper back in the day.
It was a good thing my parrot couldn’t read!
And no more editorial writers to pay, either. Let the few that still bother to read that fishwrap offer their opinions and see which bent they overwhelmingly have.