-- 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
The problem is that these tickets are 20-30 years old! The biggest complaints are that people are saying they paid those tickets! Most people and banks don’t keep records that far back! In the case of one woman she wasn’t driving at that time due to her age!
This is a case of poor record keeping in these counties and municipalities! Now that state funding has slowed down these communities, that have relied on this funding are trying to make up for the shortages so they can keep spending beyond there means!
If you can find a way to pay your cell phone bill every month, you can find a way to pay your traffic ticket. Better yet, avoid getting them in the first place.