-- 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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Don’t live in Illinois anymore. Don’t care.
Respectfully, I think you should care because as Illinois sinks it contributes less to the nation in taxes and takes more out in forms like Medicaid, SNAP, housing assistance, school funding, and more. And how the nation deals with Illinois may set precedent for a few states not far behind it. And there are innocent victims here — kids, primarily.
Now we have a rogue mayor saying not so fast. Will JB apply any pressure on Lori Bigfoot?
WHO do you trust more? *JP* Morgan or *JB* Pritzger? I trust JP more than JB. This JP Morgan study says that the scientific models – the ones JB claims to have used – were flawed and the data does not support his extreme shutodwns. In fact, reading the entire article says that locking down may even be responsible for additional deaths! OUCH!!! JB LIED, IL RESIDENTS DIED! JB relied on junk science and bad data, and continues to do so, in his quest to destroy IL. HE WILL NEVER ADMIT HE WAS WRONG. https://www.dailymail.co.uk/news/article-8347901/US-states-LOWER-infection-rates-lockdowns-end-study-claims.html ******”Kolanovic said governments had been… Read more »
According to a Tweet I got the other day from Amy Jacobsen, Jumbo Belly has already launched an exploratory committee for a 2024 presidential run. So everything he does has to be viewed in that context. Is it good public policy/science, or is it good for getting elected President?