-- 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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The 2nd wave of Covid was predicted, how insightful. Did the Chinese give the Democrat Communist Party of the USA a Discount on the second Batch? With them closing down Businesses the TAX money is tight.
If your not sick, don’t get tested!
Is the math this simple? 2% of the population has it. And 3% of those die of it? So 3% of 2% is what? So we kill the economy and the entire city of Chicago for this?
The 2% of the population has it estimate includes not yet diagnosed. When you include yet to be diagnosed you would need to use the infected fatality rate which is 0.65%. The 3% number they use in the story is considered the crude case fatality rate. So Chicago has about 2.7 million people which if 2% are infected would mean 54,000 people currently have the virus. Which would mean about 351 people that are currently infected will die.
https://reason.com/2020/09/29/the-latest-cdc-estimates-of-covid-19s-infection-fatality-rate-vary-dramatically-with-age/
There is a big difference between COULD BE and ARE.
This is fear mongering.