-- 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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Laws can be changed when it’s been shown they are wrong or not working. Will democrats have the guts to do so?
One can only hope that everyone victimized by Foxx’ decisions to let habitual criminals walk / plead felonies down to misdemeanors sues her and her office for everything they can get. The fact that an assistant was coaching felons on how to sue for wrongful arrest is a good start.