-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Solution: enforce laws on the books: IRS 501c3 non-profit status requires non-political activity.
In this horror show that is America 2024, almost all humans would be better off to live without any tax-exempt status for any entity, including but not limited to ALL religions, All educational endowment funds, All ‘charities’ decided by regime in charge to be worthy, and especially ALL hospitals (hospital ‘compliance’ to nfp status requirements is a joke, not policed, not punished if failure to comply)…WHY are we putting up with this outright contempt for our meager intelligence?
The article mentions the Oak Park and River Forest Wednesday Journal. It is the main source of local news, the other being the Oak Leaves section of the Tribune, which is weak at best. The Wednesday Journal does a very good job covering local sports, human interest and real estate stories. But they edit letters to the editor, sometimes fundamentally and to the degree the point of view is diluted or obscured. They also require the writer to provide documentation for statistics used in any letter, claiming they are not staffed to fact check. The staffing issue is understandable. Their… Read more »
There aren’t many journalists left in the US, and hardly any in Illinois. Northwestern’s Medill is a total joke, and those that went there should be avoided. The conservatives should avoid tuning into any mainstream media. Hurt them the only way you can, in the wallet.
Be careful how you say “conservatives.” What’s labeled that is centrist and mainstream, as all poll show.
Will any conservative/right news outlets recieve funding? Answer no.
Not a chance. Just as they aren’t even mentioned in this forum. Same for centrist ones. Lefties only.
But if all the funding is private why should we care. If the government starts funding underserved media deserts then we need to be concerned.
My point is just that this is yet another place where the left is way ahead in the game. They have created multiple funding sources for left-leaning media sources while centrists and conservatives have not. Nothing illegal about that; props to them, in a sense. But you should expect still more bias in the news.