-- 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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Want a significant decrease in criminal behavior? Build more jails and keep them full. There done, that wast so hard. The only objections will come from the criminals. Anyone beefs, toss them in jail too!
There’s been all sorts of theories why crime dropped significantly everywhere since the 1990’s, from abortions, to removal of lead from gasoline and beyond; but it’s clear now that it was the crime bill – the get tough on crime that swept the nation in the 1990’s worked. And now that get tough on crime is considered inequitable, and is not being enforced, crime is predictably going up. Who woulda thunk that putting criminals in jail prevents jailed criminals from committing crimes while incarcerated!