-- 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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Another whopper from Crain’s!!!!
“Chronic conditions like diabetes and hypertension, which are linked to more severe COVID-19 symptoms, disproportionately affect minorities. ” * * * * * ““The maps we saw revealed more than just cases of COVID-19, they illuminated the broken and, yes, racist system of inequality that has held these same communities in the grip of poverty for generations,” Lightfoot said recently.” Ah, yes, the soft racism of low expectations. Black and hispanic people can’t eat healthy, or be expected to exercise, or refrain from unhealthy activities, as other communities to do, and to even suggest so, is racist in and of… Read more »