-- 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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If you never open your eyes, you might be able to believe these lies. CBS is part of the swamp.
An article in CWBCHICAGO.COM…..Nearly 20% of all people arrested for felonies are on pre trial release. Yep the get out of jail policy is working just like it’s supposed to.
I only have one word for this story……BULLSH_T
And yet dozens of those on pretrial release have committed more than a few murders and injured even more people since this nonsense began with Tim Evans spearheading it from the start, pre Safe-T act. Not enough to move the needle apparently, but more than enough for the dead and wounded.