-- 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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Can’t read the article but 33,000 dead in two years most of whom were elderly and many in nursing homes. The headline alone gives a negative connotation that 33,000 died in two years but in reality over 12.5M survived. What were the comorbidities of these people? How many died who were considered to be in perfect health? That would give a better indication of how severe this virus was. Covid may have accelerated the deaths in many as did the few approved treatments but the primary cause was the preexisting conditions. How many in those 2 years died from all… Read more »