-- 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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Pritzker keeps moving the goalposts. This is the way it will be until November.
More fear porn and shifting of goal posts. 1. Not all infections are created equal. As demonstrated by analysis by Wirepoints, the risk for those below 55 is minuscule. Therefore the higher positive case load is an interesting stat, but one needs to drill deeper to better understand what is happening. 2. Are we sure testing access is consistent across the state? That is another variable that has to come into play. 3. When you read about cases surging in college towns take it with a grain of salt and ask how many of these surging cases are asymptomatic? You… Read more »