-- 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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Sounds like this guy has stumbled on to a successful business plan: steal $190,000+ in merchandise, sell it on black-market and resale internet, and “pay” $15,000 bail, with slight probability of several months additional jail-time if charges aren’t eventually dropped by Ms. Foxx. Beats working for a living. Let me guess, he also lives in a subsidized Section 8 apartment, eats off LINK card, received thousands in PP Covid aid, and “free” phone.
It is sickening to think how much taxpayers spent to confirm thieves broke windows and stole thousands of dollars in merchandise.
So after stealing $190,000 while on parole for other B&Es, he needs a whopping $15,000 to get out of jail and get back to work? Hoorah for social justice.
Well this is just perfect. A guy named Butts is so proud of his crime spree that he brags about it on Facebook, and that’s how the police nab him. I await the accusations of a forced confession and subsequent lawsuit by some scum attorney. Meanwhile Lil Kim will turn him loose so he can take care of his four kids, and their four mothers. Why any merchant would stay in Chicago is beyond me.