-- 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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“We are not inflating the numbers” say the officials who’ve been inflating the numbers.
. What she stated — It means technically even if you died of a clear alternate cause, but you had COVID at the same time, it’s still listed as a COVID death. Even if you died in a car accident and were given the test after you arrived at the hospital after passing and it was positive–Covid death.
The numbers are padded. They get more money back from the Federal government for every positive test, for each time a ventilator is used, for a positive death.