-- 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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RIP what ever is left of the Illinois economy
It is called a nanny state.
Its apparent in the game of Phases. You might just get bumped back. Sorry!
Strikes me as overly focused on testing and contact tracing and without any regard to how those resources will be distributed across the regions identified. For example, it will be very easy for the state to concentrate testing and contact tracing on the Chicago area to the detriment of other regions, who otherwise could reopen if they received sufficient resources.
Overall though, it remains a fuzzy political document without sufficient transparency, particularly with respect to testing and contract tracing, to evaluate the metrics it identifies. Par for the course.