-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Try and charge someone with theft of auto in Cook/County/Chicago, good luck with that. Try charging someone with possession of burglary tools, good luck with that. Try charging just about anything under the policies of Foxx and her restorative justice agenda. Too many POC in jail therefore they can’t be charged with anything. Only misdemeanors can be placed without approval of the states attorneys office, then in court they can drop charges. At least this inconveniences the criminals for a couple of hours.
Don’t leave home without it!
NEWS FLASH!!! Hot off the presses: criminals don’t follow laws, law-abiding citizens do.
The nincompoops are in charge – keep voting the Dems in and we can expect nothing better.
Stupid chickens.