-- 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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26 Illinois deaths from covid, 739 Chicago deaths from the 1995 heatwave
Ironically, everyone stayed at home during that heat wave too, that’s why they all died, sitting alone in their apartments, succumbing to the heat.
The McCormick Place plans are “part of our pandemic planning, but it is not something I have ever wanted to consider seriously in Chicago,” Arwady said. “But we’re talking about it not in theoretical ways. We’re working right now to do everything we can to protect our health care system.”
The city is also talking about how it could set up morgues in parking lots if necessary, Arwady said.
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Talk about fear-mongering! We have a public official talking about setting up morgues in parking lots? Totally inappropriate.