-- 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 hope this will be their undoing – but we have too many uneducated voters.
How simplistic can you get?
“One of the architects of the law, state Sen. Robert Peters, D-Chicago, said the crime wave is a byproduct of the current judicial system.”
The crime wave is due to the lack of application of the law and prosecutors like Kim Foxx who choose NOT to use the judicial system properly.
Get your facts straight, Mr. Peters.
More dishonest than simplistic. The past few years have seen an unprecedented assault on police, their funding and other tools they require to do their jobs. Even when police do their jobs they are thwarted by Soros-installed prosecutors like Foxx. The current explosion in crime is the intended result of failed far left policies, and will only get worse