-- 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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FOID card is and has been a waste of time and money. Has it prevented one crime? No. Has it prevented persons who are not eligible to own or possess a firearm (like convicted felons)? No. Also, someone should check the court records in Cook County to see how many times the states attorney actually prosecuted someone for violating the FOID law. Rarely, unless you are some chump white guy who inherited grandpa’s 100 yr old shotgun and didnt get a FOID card.