-- 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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This is idiocy of the first magnitude.
The Tribune has certainly come along way from the days of Col. McCormick…
This is a guest op-ed. The idiots are the politicians who wrote it. Nothing wrong with the Tribune publishing op-eds from all sides, which is what good media do.
Make our economy more expensive and destroy the dollar by printing it to fund all this, And no pressure for the worlds biggest polluters (China and India) to even starting controlling pollution for the next 20 years. Typical well thought out plan by the D’s in this state. What dough heads.