-- 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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Get caught committing a gun crime, SAFET lets them go. Committing a crime with a firearm, SAFET lets them go. Be on probation or parole and get arrested for having a gun, SAFET lets them go. Have a stolen gun and get arrested, SAFET lets them go. Have a gun with a “switch” to make it fully automatic, SAFET lets them go. Verdict, it’s the manufacturers fault.
How many of the Glock’s with switches were even purchased legally by the person holding them?
Bzzzz probably near zero.