-- 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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i simply refer to the lot of them as the ‘Useless Chicago Media’. A title they all giddily earn on a daily basis. There are no adults working news in Chicago anymore.
Yes, this includes Frannie, a longtime frequent offender who jots down DNC talking points with the worst of them. She lobs softballs at Dems, stones at Republicans, and never seems to be able to know when she’s being lied to by Illinois political animals.
Chicago media is dead.
Mainstream media in Il does not factually report the news. The media only reports what supports far left, socialist ideology.
Unbiased media hangs by a thread in CHI. Even the local Fox affiliate can’t resist on shading stories instead of taking a straightforward approach which would be most welcome. This morning re high natural gas prices in NW Indiana, the “ reporter “ couldn’t help but say that the legislatiors that should look into the problem are “ Republican dominated “. What does that have to do with the story? Makes one want to “ puke into a houseplant “ as Sen. Kennedy of LA is wont to say.
I respectfully disagree regarding Fran Spielman at the Sun-Times, who I think has been excellent.