-- 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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It’s good to know we have another strong weapon against rapists, muggers, car jackers, murderers and burglars. The threat of a curfew violation must scare the living daylights out of them all.
Anti law and order justifications NEVER ring true.
Sounds about par for Illinois! Next they’ll takes the doors off the cells and the entire prison because they’ve been deemed oppressive. Hmmm….where was the funding for probation officers diverted? Indirect vote buying?