-- 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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Trying to get this straight. Illinois population 12M Covid deaths approx 12,705 or just over 1 tenth of 1 % Covid cases vs death 700K cases – 12,705 deaths or 1.82% of cases died with almost 50% just from nursing homes. If you eliminate the nursing home deaths the number would be (considering many there die in their 80’s to 100’s from multiple causes now probably classified Covid) .05% died from Covid thruout the general population. Hope my numbers are correct. That leaves 11,300,000 that do not have Covid but much of the state is closed except for big box… Read more »
The CDC estimates that over 10 times the number of people are positive with COVID as compared to those actually testing positive. The Georgia tech model estimates that 5-10 times are actually infected with the virus. So a reasonable estimate is 3.5 to 7 million Illinois residents have been or are currently infected. The majority of those infections have happened over the last 6 weeks. We have closed the state and it didn’t matter. Infections continue to grow despite wearing mask and despite closing restaurants. Infections will continue to decline from the high of 15k daily infections and our governor… Read more »
The test for C-19 was never meant to state that a person has this health issue.
It catches all sorts of OLD dead virus that has been there a long time or inflammation.
Unmentioned by the media is the fact that PCR testing was not designed as a test to screen for viral infection.