7 ms·
This is blogspam ripping off this site and the link should be changed: http://www.wirepoints.com/illinois-state-pensions-overpromised-not-underfunded-wirepoints
by Harkins 8y ago
This is blogspam ripping off this site and the link should be changed: http://www.wirepoints.com/illinois-state-pensions-overpromised-not-underfunded-wirepoints-special-report/ http://www.wirepoints.com/illinois-state-pensions-overpromis...
The authors of this report are former employees of the Illinois Policy Institute: http://www.wirepoints.com/mark-glennon/ http://www.wirepoints.com/mark-glennon/ https://www.illinoispolicy.org/author/ilpoliski/ https://www.illinoispolicy.org/author/ilpoliski/
The Illinois Policy Institute is, politely, a conservative think tank: https://en.wikipedia.org/wiki/Illinois_Policy_Institute https://en.wikipedia.org/wiki/Illinois_Policy_Institute
The full report plays a lot of games to produce these striking, misleading graphs, like comparing yearly numbers with total values of all future pension liabilities at face value instead of any attempt at NPV. If you're curious to spot more, the 1993 edition of How to Lie With Statistics chapter 7 ("The Semi-Attached Figure") and 9 ("How to Statisticulate") are a lighthearted read.