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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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Chicago Police: Hold My Beer…
CWBChicago reported on August 14 that a 20yo ghetto rat got caught with an illegal machine gun conversion of a Glock and NOT serving any time the Fed’s big house. The case should have been prosecuted by the ATF. NFA (National Firearms Act) violations carry penalties of up to 10 years and fines of $10K. Down here in Dixie people still remember the deterrence value of chain gangs on young men. Chicago has two levels of criminal justice which depend on skin color. Black gangsters are set free by “restorative justice” warriors to rape and pillage again. A white Wisconsin… Read more »
Here’s a better one: Five underserved found to each have guns with trigger switches, extended magazines, etc. during a traffic stop a day or so ago. All five in illegal possession of said guns/ ammo.. and all five walked. The IL judicial system is a sad, sick joke.