-- 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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It’s a long and informative article. If I understood it correctly, about 1% of the population of Montgomery County is charged with a felony each year. I hope someone will look into this.
JB the Hut continues to support criminals over citizens with the “SAFE-T” act first and now the “FAIR” act giving more funds to make sure the criminals that actually might have to get in front of a judge more than to be released are released as well.
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“ We need to have more SJW lawyers south of Kankakee to further the emptying of prisons and hollow out law using the taxpayers money.” reasons Comrade Pritzger.