-- 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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Back in ancient times when I was learning how the legal system works, the purpose of bail was to assure that the accused would show up in court. Defendant is presumed innocent. There was something in the US Constitution about a “speedy” trial, but I guess that is not interpreted to mean “soon.” So the bailed defendant, if indeed a criminal, can commit more crimes.
It goes one step further: most criminal defendants don’t have money. But they do have connections to the community who will vouch for them and post the bail, because they are less likely to skip out on bail if a family member or friend posted the bail. The criminals who don’t have anybody to post-bail on their behalf are the most likely to abscond. That’s why it drove me nuts when the progressives kept saying “staying in jail shouldn’t depend on the size your bank account” when it never did – it relied on the bank account of your friends… Read more »
Yes, the unintended consequences of local judges detaining as many violent criminals as they can because they don’t want their name repeated on Channel 2 news as the judge who released the rapist back into the community without cash bail. DUH!!!!! Progressive liberals are really the dumbest, most low IQ actors in all of politics. They can’t think past first order effects.