-- 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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Democrats are OK with this. They really are. They understand that people are going to die with their progressive pretrial release policies. But if a few people die by the hands of felons, that’s the price YOU as a society have to pay for social justice. Fewer Black criminals in jail before trial was the goal, one of the Four Pillars of the Black Caucus, and no crime, no matter how heinous, will change their minds. This is why communist ideologues must be defeated at the ballot box, and then imprisoned for life, because they cannot be reformed.