-- 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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Pritzker and the Democrats ‘SAFE-T ACT’ is just what Chicago needs to be tipped into Leftist chaos. I’m sure Obama approves.
Sure, he won’t be living here.
Drug possession offenses are one thing. Possession of firearms, crimes committed with firearms, assaults, trafficking, repeat violent offenders, kidnappings, are all something else. But with this law, everyone will be free to go no matter the offense. How can anyone be for this?