-- 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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Thanks To The Democrat Crime Purge Law — That Went Into Effect Yesterday — You Can Assault 4 Cops And You Won’t Go To Jail – CWB Chicago
The governor and democrat politicians can now Shine their badges for their criminal pals.
More political jobs, more patronage, more salaries, more pension, more insurance costs. More, more, more going to be spent to make sure criminals are treated kindly.
If you read the history of the law, and the news media surrounding the law, you’ll understand that the law was passed to reduce the number of incarcerated black and brown people. They called it equity because too many minorities were incarcerated in jail pretrial and prison. Minorities commit most of the crime in Illinois – this is an undisputed fact – so it logically most people in prisons are minorities. And I’m not making this up, they way they chose to reduce the number of incarcerated individuals was to transform formerly jailable offenses into non-jailable offenses. They started with… Read more »
The truth, well stated!