-- 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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You read the details on this story, and think this cannot be possible. But, Illinois does the impossible every day.
Lake County State’s Attorney Eric Rinehart was the only Illinois State’s Attorney who supported the SAFE-T Act other than Kim Foxx. So don’t expect them to argue that a man who hid a body for 2 months after the victim died in his house is a threat to the community.
Sorry, lady. Your daughter is collateral damage in the quest to empty and keep empty IL jails. Condolences, thoughts and prayers, though.