-- 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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“Police also executed three separate operations in June that resulted in a total of 170 arrests on gun and narcotics charges, the seizure of 38 guns and hundreds of thousands of dollars’ worth of illegal drugs. The most recent effort, called “Operation Independence,” ended right before the holiday with the arrests of 77 people — 34 of whom are convicted felons.”
This is a sub-culture of criminals that has no respect for our laws, society or culture. Lock them all up I say. Lock them all up and throw away the key.
And thank you so much, Gov. Ryan for getting rid of the death penalty. *rolls eyes*