-- 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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How does the SunTimes’ Miller write anything with its hands and lips firmly wrapped around Pritzkers johnson?
The man is clueless.
What mind altering drugs is this guy Miller using?
Rich Miller is one of the great fiction writers of our time.
Yes, he writes fiction, but ‘great?’ Not so much.
Second rate hack, perhaps, but ‘great?’ Nah.
And all it took was a worldwide pandemic.
How much is the union willing to pay for that? How about an extra 2% employee contribution? They’re all about bargaining, no? Because once a pension benefit is enhanced, there are no takebacks.
Seeing the headline here seeing Rich Miller’s name makes it not worth reading based upon prior readings of his opinions. It does not surprise me one bit that the Sun-Times ran the article giving even less creditability to it. Next up we hear the Sun-Times needs a subsidy as its circulation, hence advertisers, abandon it.
Miller slinks out from under his rock and spews factually incorrect Democrat Propaganda.
It cracks me up that Miller obviously follows the Wirepoints comments and down-votes any comments not worshiping of him.
I always wondered if that was him
I have been getting two downvotes lately making me wonder if Oswego Willie has migrated here as well
On workdays they spend their time on Capitol Fax. When Capfax is closed like today they come here and pound on the down button.
Rich must have missed Accounting 101 when they covered Accrued Liabilities. But you cant blame the guy because since Madigan’s crew (aka Rich’s sources) got cleared out , poor Rich has to kiss the Govs’ office staff rear ends to get any info. He’s just another mouthpiece for the Gov so he can keep his Capitolfax going.
Stop drinking the Kool-Aid, Rich!