-- 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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For those not fluent in politically correct, ‘formerly incarcerated’ means ex-cons or ex-convicts.
PC also refers to ex-cons as ‘returning citizens,’ as if they’ve been living overseas instead of living off taxpayer resources.
Don’t misunderstand, ex-cons deserve a break when they finish their term(s). Programs to support them should be robust and give them a second chance. However, whitewashing their status is deceptive and disingenuous.
Coook County Cash For Convicts — Crooked Corrupt Toni Preckwinkle’s latest welfare giveaway to the dregs of society