-- 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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This business let Jabba know what they think:
https://www.stltoday.com/news/local/state-and-regional/pizza-chain-drops-illinois-restaurant-that-defied-governor-s-shutdown/article_babf295c-d507-5824-90db-cb2d425bb30b.html
The article is absolutely correct. Keep in mind that many of the ‘hospitalized’ for coronavirus show few symptoms and are kept for observation. Like Tom Hanks. He said he was ‘just fine’ but he and his wife took up to beds from patients who actually need them. The hospitals wouldn’t be overwhelmed if people showing symptoms would just stay at home.
Debstor nailed it with his assessment of computer models. Fitting that computer models also drive the climate hysteria.