-- 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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I posted a Rex Hupke column primarily to ask if anybody right or left ever reads this guy? How does he even have a regular column.
Who is Rex Hupke?
I do sometimes force myself to read both Hupke and Dahleen Glanton. And believe me, I have to force myself to read the entire column. I do it from the idea of “know your enemy”. I can’t believe that any rational person believes this nonsense, and that they can be published in what used to be a major newspaper.
Good for you, and I agree.
I don’t think we should read Rex or Dahlenn. You’ve just admitted their columns are nonsense. So then, what is the point of reading them at all? To keep abreast of the talking point du juor coming from the DC establishment? To bewilder myself at with the tripe they publish? No thank you. I’d rather not feed the beast or even pay attention to the Tribune at all. Being published in a legacy dead-tree ‘newspaper’ is not some prestige, it means nothing these days. In fact, being in a newspaper should be a negative. Why even give them any aura… Read more »