-- 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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Well sure. If we change the speed limits to 10 miles per hour everywhere, I wonder how many lives we would save. What if we banned fatty foods and processed sugar? Elimination of diabetes would save lots of lives, and why, the data proves it! And perhaps we should ban ALL guns and ammo? Gun violence data would also prove that we saved lives! I bet a curfew at 9pm every night for perpetuity would also save lives. Probably more than for COVID. The data shows we’re justified! It is not a question of the need to “prove” that we… Read more »