-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Once again Democrats protecting criminals over law abiding citizens.
Of course that’s what it does. It has gotten so bad that anything passed by the Gen Ass is presumed stupid until demonstrated otherwise.
Assisted/ free housing upon release from prison. Soft sentencing on top of an automatic 50% reduction in jail time. Credit towards a jail sentence while on a poorly monitored ankle bracelet. No mention of a previous criminal record while on trial. Violent crimes being adjudicated because of the offenders age. Could we enable criminals any more in IL?
Don’t ask that question. You’ll get an answer and you won’t like it.
Beautiful get out of jail card.