-- 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
Pritzker’s pro-crime, Kim Foxx aligned views should be the laser focus for GOP campaign ads
I said a few weeks ago this is what would happen. Many county jails around the state are going to become very, very crowded, as prosecutors and judges many defendants are denied bail as being a threat to public safety.
There will be 5 or 6 counties statewide that will fully implement the new catch and release law. The usual ones in the state that always vote democrat with Cook County leading the parade. The other counties who realize that criminals are criminals and not racism that causes crime will be holding those charged with serious offenses to the chagrin of the democratic state caucus who will demand they comply.