-- 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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Sometimes I think they want us to take the law into are own hands. This makes absolutely no sense, DO THE CRIME DO THE TIME END OF STORY STRATTON JABBA AND SIMS
Today’s news is filled with the horror stories of criminals committing heinous crimes after being released in no cash bail jurisdictions; and yet Illinois’s politicians live in this HuffPo/Vox bubble where the overwhelming evidence that cash bail works is just completely ignored in favor of the false narrative of ‘equity’. Cash bail has been present in the anglo-saxon judicial system for nearly 1,000 years (https://www.heritage.org/courts/report/the-history-cash-bail). Because it works. It’s a flat out lie that cash bail is a predatory financial system for poor people. It’s a falsehood that people are jailed for poverty – they are jailed because they are… Read more »