-- 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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Disinformation is a military term derived from modern war literature on deception. It’s nothing more than a maligned label, just like good news and bad news. There’s information you accept and information you don’t accept, that’s it. It has been gamed into current affairs by people and organizations that benefit from censorship, increased federal funding, and the symbiotic relationship between big tech and the federal government. This disinformation censorship campaign really ticks me off. It’s rooted in a deceptive (LOL) behavioral economics interpretation promulgated by University of Chicago folks like Richard Thaler and Cass Sunstein, that believe laypersons are incapable… Read more »