-- 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 will believe that Pritzker wants to follow Trump’s guidelines as much as I believe that Pritzker has not left the state during this event.
Seriously
Wallethub published a study on May 19th ranking states by level of restrictions and death rate. Here’s what they found. 18 states with few restrictions and low death rate, 7 states with few restrictions and high death rate. 7 states with many restrictions and low death rate, 19 states with many restrictions and high death rate. Illinois is in the last category – many restrictions, high death count.
AND, IL is LAST (#51) meaning worst restrictions of all states + PR. Pathetic https://wallethub.com/edu/states-with-the-fewest-coronavirus-restrictions/73818/
You are correct.
Let me correct that last part for our lovely reporter:
“Some that flung open the doors, like Wisconsin, are now seeing an increase in confirmed coronavirus cases because of vastly increased testing, but are still seeing a decline in patients with COVID-19 symptoms.”
I’ve not been all that impressed with block club chicago, seems like it’s run by journalists who don’t know how to do their research.