-- 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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The chicago tribune is entering a well deserved death spiral. The triumvirate of Dahleen, Rex and Eric can’t conceal their vitriolic hatred for half of their potential audience and regularly display it in nearly every article they write. . The woke management routinely runs associated press and New York times stories of made up fantasies about evil conservatives. I used to subscribe to it and only read the news articles and the business section. I didn’t read columnists because I was a busy gal. It wasn’t until the news articles became shorter or non existent that I started reading opinion… Read more »
All that virtue signaling for nothing. First lesson of socialism: only a very few will keep their lofty positions. The rest will be eaten by the beast they created. Sorry, Trib wokesters.
So sad, too bad! This might be the first time I root for private equity. Both the journalists AND the globalist investors can go bankrupt investing in legacy media!