-- 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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Pounce? Moribund Rhinos barely acknowledge deep dysfunction caused by Democrats’ control of major cities and Blue States.
Republicans pounce? (meh). Like they did on the spending budget?
aka “Republicans respond to things” or “Republicans notice things and talk about them”
I think a lot of the shift in attitude towards what is and is not permissible behavior is due to the fact everyone has cell phones and can document behavior. Even if they jam the towers people can upload it when they get home. Citizen journalists are doing what the traditional media used to do, reporting more than just the official narrative.
I can’t imagine where anybody would find material to support such a strategy.
You need to correct—-It’s a WSJ article not a WP article
Oops. Fixed.