-- 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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I hear that authorities in Winnebago County are at least trying to fight and get ahead on crime, unlike Cook County and many of the collar counties. Hearing that the Democrat SA in Lake County had many experienced prosecutors in that office quit on him when they saw his liberal agenda. A number of those experienced pros hired on in Winnebago County. Good for Winnebago while Lake wants to trend more toward Cook County results.
Those kids today!
Those darn Amish kids!