-- 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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From how I remember chicago from years ago………we are already gone…….SAD. When the Police started leaving for their own sanity that said it all. Plus a gov. who doesn’t care cause he’s to busy setting himself up to
run for pres………..HEAVEN HELP US
The article was quite thin, except for a scary picture of rats.
I do appreciate all the articles you link to, even if many are from the Regime Media (who far outnumber the Independent Media).
True, but keep in mind that we publish all notable perspectives here (ZeroHedge has a huge following), and “thin” columns on the left sure aren’t uncommon, either.
It’s a race to the bottom by the biggest, blue cities in the country. May they all cross the finish line together.
Chicago for sure, no hope for it. DOA 100% for sure.
Losing the high incomes and replacing them with poor immigrants.
Replacing them with poor illegals period.
I vote Chicago, New York City has already faced bankruptcy and proved too big to fail while no cared to bail out Cleveland at the same time. And LosAngeles, well they’ll have everything straightened out once the “bullet train” is chugging along. Midwest always takes the hit first!
ZeroHedge? Come on, give me a break. You can do better.
Do better with what, the sources we far more often link to like WBEZ, Tribune, NPR, NYT, A.P., Chicago Magazine, Ralp Martire’s op-eds, Pritzker, Johnson….?
Those are fine. Anything not conspiratorial claptrap like ZeroHedge, InfoWars or Veterans Today
“Those are fine.” I see your perspective.
My perspective is anything reporting actual news and not making stuff up. Conservative, Liberal, Libertarian, Green Party, Willie Wilson Party, don’t care.
Such as these clowns, that you just approved of: https://wirepoints.org/the-mayor-is-not-incompetent-hes-inexperienced-chicago-magazine/
Are you kidding!? ZH has been ahead of the curve for years. That you don’t understand ZH means nothing.