-- 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 welcome the death of local journalism. I hope it dies a quick death and never comes back. I hate my local news reporters. It’s all thinly veiled propaganda. Trump bad, progressive good. Every article must include multiple quotes from the president of the local progressive action group, never any quotes from the other side. The local reporters 2 years out of journalism school think that “Truth to Power” is embarrassing anyone they disagree with in the local community they cover. Several years back a local politician in my town had a very minor scandal over some slightly derogatory comment… Read more »
I get what you’re saying, however, there needs to be SOME kind of local journalism because people need to know what is happening in their community and they can’t be everywhere at once. Maybe I’m biased because many years ago I worked for a small town weekly newspaper and enjoyed it very much, despite the low pay (which is why I eventually had to move on). Citizen/amateur journalism done by concerned residents who have day jobs elsewhere is great and should be encouraged, but not everyone can afford (financially or otherwise) to do it. However, tax credit programs aren’t the… Read more »
Another task force? How many are there which end up doing nothing like the property task farce (sorry force)? I’m sure there is a task force which just counts the other task forces.
Do lawmakers get paid extra to be on a task force?
Wait a minute . There are journalist in IL?
If passed, assume state to also set up commission to ONLY award journalism tax breaks FREE from– carnival barker/ MAGA/ anti machine gov union sites only!!! Only tax breaks for truth tellers!!! the people have spoken!!!
Pritzker is throwing money at this to round up the press to be on his side to print the headlines he needs to show the country how the State loves his policies. The reality is apparently the citizenry has no desire to consume the pablum that these journalists produce. Perhaps if there were some true investigative reporting things might be different but for myself anyway why would I buy into any media that survives on touting the benefits of Pritzker’s Illinois? None the less Pritzker is buying the Press’ loyalty and using taxpayer dollars, instead of his own to do… Read more »
They need to bring back Pam Zeckman chasing down city workers.