-- 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
When the Trib publishes this cartoon, Pritzker and the Dems should recognize that they have a serious problem. It’s only a messaging problem of course.
Scott Santis, the cartoonist, isn’t like the wokester Tribune Guild that controls the news pages. I am surprised they haven’t tried to off him yet like they tried with Kass.
Give ’em time.
Happy to see Kass landed on his feet – we’re subscribers and we encourage anyone who enjoys free thought and expression of ideas to subscribe as well. http://www.johnkassnews.com (and, no, we’re not relatives!).