-- 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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Considering the experts have been very, very wrong about virtually everything related to COVID-19, I suspect that their advise should be disregarded entirely. The experts can go back to walking dogs for a living, for all I care. They were wrong about the coronavirus origins, wrong about putting people on vents early on, wrong about social distancing, wrong about their models predicting the number of cases, wrong about masks, wrong about mitigations, wrong about lockdowns, wrong about pretty much everything. The mismanagement is borderline criminal. JB’s poll numbers would improve if he admitted that he recieved faulty advice from the… Read more »