-- 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’m sorry, but I can’t take anything Crains puts out as valid any more than ch 7!
You’d think they’d be getting a little nervous about saying thing like this: that it moves “President Joe Biden’s plan closer to the finish line.”
From the other op-eds out there perfectly mirroring DNC talking points, they are tasked with repeating the lie that Dementia Joe is doing a great job.
Over and over again, everything in our system is fake, and a lie, and the people in charge keep repeating it over and over again, without any regard to the truth of anything.
“Afghan Withdraw was a success!”
“Joe Biden did not fall asleep on camera with the Israeal minister!”
“Joe Biden’s infrastructure plan focusing on equity can withstand a Cat 1 hurricane!”
Yes, so much of everything is turning out to be bullshit. Here is the most recent example, most of the field of behavioral economics is bullshit:https://www.thebehavioralscientist.com/articles/the-death-of-behavioral-economics. That’s part of a general trend being called the “replication crisis” — study after study can’t be replicated because the original one was bullshit.