-- 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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Contact tracing may be effective in African villages to contain Ebola, but anyone with an ounce of sense should have known that it is next to impossible for a virus transmitted by aerosol in an urban area. Shame on our public health establishment! Contact tracing has 2 purposes: Politicians look like they are “doing something”, and more patronage “jobs” to be given to crony connections.
Yawn. Positive cases from fraudulent PCr tests don’t mean a thing.