-- 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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Only 50 million more national “cases” needed to tie the swine flu totals. I don’t remember the constant news watch on those totals. Who cares about case totals? Fatality rate continues to plummet. Just keep an eye on hospital capacity.
What a cluster-fruck of stats-heaped-upon-stats B.S. Forget the psy-op of the “tests,” how many were ill/in-hospital/died in the same period in IL for several previous years in the respiratory/pneumonia/flu-related categories???
Sad to think so many are duped by the ongoing Damn Statistics.