-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Just like all things health care and medicine, you have to understand that with our culture especially, the public speech or policy, or advice to a patient, will ALWAYS err on the side of caution. This isn’t all bad, when it is an individual case that is lost in the mix of averages, but in the scope of PUBLIC POLICY, it can be very bad. And that’s what we are seeing. It doesn’t matter that we shut down the whole economy, if there’s the slightest chance of “saving” people (quotes emphasized), we should let our emotions, and other people’s money,… Read more »
Jelly Belly still whining about not getting what he demanded from the federal government. He’s got people working the phones. Working the phones, good stuff Jelly Belly! Working the phones to get us products!
And then he is chiding Trump for not nationalizing factories to make PPE.
And the death rate is now .93%. It went up again! (12/1285).