-- 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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Kwame should be sanctioned by the court for saying that the constitution does not require cash bail. It absolutely does: the constitution says, unequivocally, that all defendants are entitled to sufficient sureties.
How does that reconcile against a judge releasing the accused on their own recognizance?
Sureties doesn’t necessarily mean cash is his argument. I question the constitutionality of the law for other reasons but I’m not sure that’s the strongest argument. He definitely shouldn’t be sanctioned for making the argument either.
The work of Kwame Raoul’s life:
Keeping violent offenders on the street so they continue to prey on the plebes.