-- 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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Chief Weitzel is exactly right. The problem in Illinois, and specifically Cook County, is the legislation passed by the Illinois legislature and the administrative policies of Kim Foxx. The police are handcuffed as far as being able to make a difference on a multitude of issues, with crime being at the forefront. The police can arrest criminal offenders, but the new cashless bail and inability to cooperate with CBP restricts the ability to impact crime. Anyone who understands criminology knows that 80% of the crime is committed by 20% of the people (recidivists). When the police “catch and release” it… Read more »
Thanks, Obama, Biden and the Trump-phobic voters!
Last weekend in Will County, a weekend judge turned loose, per the Safe T Act: a man that admitted to stabbing another over road rage, a tank truck driver drunk at 1:30 in the afternoon that caused a crash sending 2 adults and 2 children to the hospital and a man that severely beat his girlfriend (?) and threatened to harm their child. Nice.