-- 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
Look what carjacking as a juvenile in Virginia gets you: https://en.wikipedia.org/wiki/Reginald_Dwayne_Betts By the way, no knock on Dwayne Betts, who could have given up and instead carved out a life, but if Illinois tried and imprisoned carjackers as adults, there surely would be less carjackings. I can imagine the virtue signalling outrage at suggesting that juvenile carjackers be tried as adults (or at least juveniles of a certain age). But as Betts’ sentencing judge told him before he received his 8 year sentence for carjacking as a 16 year old, “I am not sure this is the right thing for… Read more »