-- 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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Lori is jumping into her crime fighting vehicle, slamming it into neutral and flooring it. She makes lots of noise but doesn’t do anything.
The idea of civil asset forfeiture was great, go after the assets of drug dealers civilly where the burden of proof in a case is much lighter than a criminal case. Good idea, but now being used as a budget supplement plan once politicians found out how to use and abuse it. There are already states that are outlawing civil asset forfeiture because of gross abuses. Lightfoot’s idea is jdiotic
An empty move by an empty headed mayor. She’s a clown.
I’m just wondering what Lori is gonna do with all those pairs of Air Jordan shoes after the first year of implementation? And what about the human suffering of all those bare-footed gang bangers this winter? I know getting the shoes off the gang bangers feet is key to solving crime, I understand that, fast running basketball shoes enable so much bloodshed. Forfeiture of that asset is crucial to the plan. As are many other inanimate objects to blame.
Lori’s been pestering Merrick Garland about his fruitless task force. Garland whispered over the phone, go after their assets, make a big splash! Lori ran with it. Garland called her back, You burned the mule, you clean it up
Well the bigger fish make a lot of money so the new law is not entirely without merit.
The bigger fish keep their money in cash and funnel much of it up to their cartel overlords who supply the drugs to sell. Sure, there’s a little money here and there in gun running, and pimping, and other vice or protection rackets, but the cartels bring the drugs in and give them to the ‘gang’ bangers to sell on the corners.
The middlemen and larger dealers have cars and houses too.