-- 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
Fatality rate has nothing to do with Pritzker/Madigan’s actions. Pritzker/Madigan see this Wuhan Virus as an opportunity to kill the Illinois private sector economy while protecting Public Sector Union workers through endless borrowing. When US Congress sees film of breadlines and rioting in Illinois – plus expected clamor and pressure from desperate Illinois taxpayers – then Pritzker/Madigan can ask for that $500B bailout to eliminate IL debt. Then its back to business as usual for the IL Democrats for the next 50 years. Albeit in a smaller and less economically vibrant state but who cares? They’ll have protected their constituency:… Read more »
So people age 50-64 have a fatality rate of 0.2%. Those under age fifty have a mortality rate of .05%. So those working and going to school have no reason not to go about their lives. For those over age 65 you have a higher risk. If you are nervous you should stay home and collect your social security check. If you want to risk it, know that you have a 98.7% of surviving this disease. Keep in mind when assessing your risk that no one lives forever. You must weigh these risks vs. your right to enjoy your life.… Read more »
According to JBELUGA, science and data shows that IL needed to be shutdown even if the death rate was 1 in 1,000,000.