-- 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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One of the arguments for affordable/no bail was to keep the suspect from being locked up and losing their job. Did these three get out by saying they couldn’t afford bail and they would lose their job dealing drugs or stealing cars if they had to post bail?
“Judge Navarro ordered all three men held without bail for violating the terms of bond in their pending felonies.”
Good to know that your first felony is a get out of jail free card, but your second felony, while out on bail, takes it away.
Virtually everyone arrested for a felony with a gun is now released back on the streets by Kim Fox and Timmy Evans teams. All these guys had significant priors. And one has a gun converted to fully auto? Slight pull of the trigger and someone’s Mom, Dad, Son or Daughter is dead. The experience, which was nice in the past, is now not worth the risk. And happening multiple times everyday, in plain daylight. Now Greektown, River North and West Loop are no go zones. Where is it safe in the City to go? And JB just signed a law… Read more »
The best thing you can do for your children is move out of this disaster of a state. If that isn’t possible, send them to an out of state college so they have a chance to find employment outside of Illinois.