-- 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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Love it. The Contrarian is still the best news analysis site in the city, and Mr Sohnke if you’re reading this, I still keep the pamphlet you gave me in my office desk!
Nobody will miss it when it’s gone. Just like you don’t see anybody marching in Moscow to bring back communism.
Is the “thin pamphlet” Sun Times still being printed? Maybe they should imitate that old “Homeless” paper and give it to bums to hawk on the street.
Weren’t its roots in the Defender(?) a communist new paper? Communism ALWAYS eventually fails, but not until it kills the host, in this case, the City of Chicago. It’s demise is the natural course of events.
In the 70’s and80’s, the Suntimes was a credible news source. Excellent news, political, business and sports coverage, Mike Sneed was the best political inside reporter for decades. Their coverage of Springfield used to be excellent. Lynn Sweet was the best. Basil Talbott was outstanding. It used to be a must-read every day. But when the unions bought it, Roper, Steinberg, and others fell off the lefty cliff. Natasha Korecki was a lazy and dishonest political reporter who drove insiders to stop reading the trash. It is a shame to see what has happened there. l But you can say… Read more »
The Tribune also has its far share of communist, Pritzger idolizing “ journalists “ in the woodpile, led at one time by the race baiter Mary what’s her name.
Spot on, though most newspapers, regardless of slant have struggled to adapt to the internet. Lynn Sweet is smart, but in recent years she seems to have become somewhat of a democratic operative rather than journalist. Their formerly excellent investigative reporting seems down to just Fran Spielman and we sure could use more such reporting these days at city hall and the county.