-- 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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Good job, Dupage County! That’s the way to keep your citizens safe from the creeping Chicago crime wave.
That tough justice in DuPage and other counties will disappear in January when the new restorative justice laws kick in. No more “no bail”, catch and release only. Prison system will be emptied, slap on the wrist only.
My belief is that prosecutors outside of cook county are going to seek the no bail option in cases where in the past they would have otherwise sought cash bail. The county jails will fill up pretty quickly as a deterrent to future criminals. No cash bail means no pretrial release for you, recidivist criminal scumbag. Who is going to enforce the “people arrested for crimes will be evaluated with a goal of releasing them with only enough pretrial conditions to ensure they make it to subsequent court appearances and don’t commit crimes while on release” standard, our next attorney… Read more »
Foxx needs to be disbarred for dereliction of duty