-- 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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Are you obligated to use the Daily Herald’s headline? I continue to be confounded why conservatives insist on using the terms deemed acceptable by the Marxists. “Progressive”, “pro-choice”, “racism”, etc. It makes no sense to play according to the Marxist’s rules.
Amazingly, the Fat Slob himself does not use the term “progressive” income tax. He uses the term “graduated” in the article.
We are not really obligated to, but we do usually use the source’s headline to try to honor whatever it is they are trying to say, whether we like it or not. We sometimes make minor changes to eliminate clickbait or to clarify meaning like what state or place it is about.
Thanks for clarifying.