-- 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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Fake News Fraud Tribune Is Now Pushing Recession Denial Democrat Talking Points – Chicago Tribune
It’s the 8th Wonder of the World how the Fibune manages to stay in business as a going concern. It’s expensive when you consider that you’re going to pitch it in the trash that evening. What advertising manager would spend his company resources advertising in the Fibune. What is the target audience demographic he is trying to reach? Seriously, how many people are out there who lack critical thinking skills but have discretionary income for the product the advertising manager hopes to sell? Last of all, why would anybody read that rag when they constantly tell their readers what horrible… Read more »
I respectfully say that Lipson is somewhat understating the extent to which wokeness has contributed to these papers’ problems. When you insult the right-of-center half of your addressable market, you lose readers.