-- 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 don’t think Covid is high among the reasons that states like Illinois have lost population. Way too many other, more important, reasons we have seen population diminish.
I think the author is saying there is a correlation with COVID-19 policies, not that COVID-19 policies caused them to move.
You’re probably right that it’s more about the correlation but plenty of people left just because of the lock downs themselves. Look No further than JJ McCarthy, the Michigan QB that is entering the draft early. He was attending Naz until the Covid lockdowns and was forced to finish out his high school at IMG Academy in Florida. He had no choice if he was going to work on his game. During the national championship game the announcers kept talking about how he has strengthened his mental health because he had to learn how to deal with depression when he… Read more »
100% agree with you