-- 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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Some think new blood is a bad thing under the devil you know argument. I say why bother trying to figure it out, just assume if they want the job they’re automatically murderous thieves in a hurry to the joint.
This insipid article reads like a “compare and contrast” writing exercise for junior high school students…
I say elect all socialists and make the city one giant bike lane flanked by non-profits while the tankies argue where all the tax revenue went.
I’m sorry, but whenever I see the word “alderpeople” I read it as “wilderpeople”, as in the movie ‘Hunt for the Wilderpeople’.
As for the article — some people think turnover in City Council is good, some people think it’s bad. Gee, thanks for your insightful journalism.
For “aspiring alderpeople” read would be thief.
Tribune reporter Greg Pratt seems to be writing about a city he’s never been to.
“Conserved institutions, like foundations….” Really? There are conservative Institutions or foundations in Chicago?
“So I think that there’s cautious optimism, but there’s also a cautious pessimism”. Really? Other than a Chicago communist or gangbanger, who in the city is optimistic? The city is going to Hell and he labels it as “cautious pessimism”.
Not one mention of the Democrat Socialists (otherwise known as commies) about to take over the city council.
WTTW Is fake news!
I subscribe to the Journal primarily for the Thursday column by Daniel Henninger. It is well worth the price for the common sense he offers. Available for free in Libraries.