-- 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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“For decades across America, thousands of men and women have been jailed merely because they aren’t wealthy enough to afford bail. At the same time, this broken cash bail system has allowed violent and dangerous criminals to buy their way out of prison. It’s an unfair program that destroys lives, crowds jails, endangers innocent victims and costs taxpayers billions of dollars.” Jeez, the Trib editorial board is a bunch of idiots. It says all of this stuff ‘without evidence’. Let’s be honest, most Americans WANT the petty criminal with a long rap sheet locked up because he can’t afford the… Read more »