-- 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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So.. two main proponents of “an inordinate number of poc in jail”, thereby justifying the release of repeat felons on electronic devices and the early release of others ( good ole automatic 50% jail time reduction ) are trying to sell another “ alternative “ method of dealing with criminals and crime. These are the same folks that fell all over themselves to get rid of SpotShotter and the Gang Database because the results and data were too, er, inconvenient.
It’s not enough to just claim that the numbers aren’t right. Anyone bringing up flaws needs to provide their own statistical analysis to prove their claim. Anecdotes don’t cut it.