-- 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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Link goes to the wrong article fyi
A perfect law for a state that is broke.
They have fixed it. The Act will do exactly what it was designed to.
If you don’t commit a crime cash bail doesn’t affect you
Shoulda, Woulda, Coulda. Do not think it is going to happen. Our only hope is a court ruling that can push this back for some time.
Don’t delay it, get rid of it.
Would love to – but don’t see that happening.
There are hundreds if not thousands of very wealthy people shoplifting, doing smash and grab raids, drive by shootings, muggings, street robberies, sexual assaults, car jackings, catalytic converter thefts etc and getting arrested so they can post bail. What a bunch of bullsheet!