-- 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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Let’s be blunt and to the point. Mr Reed has been accused by legal authorities of setting this woman on fire. Anyone with an ounce of common sense knows Mr. Reed di set this woman on fire.
Tom Dart couldn’t wait to get rid of the electronic monitoring program. He sees it and the fetid SafeT Act for the steaming pile of garbage that it is and is loathe to take that orphan program nobody wants stewardship of back. If no can run it efficiently, as the woman burned almost to death among many other victims can attest to, abolish it!