-- 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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Retail theft is so prevalent because there is no punishment for committing it. Coordinate all you want, but the perpetrators know they’ll just walk.
If the Illinois Attorney General urged the County States’ Attorneys to prosecute these cases there would not be a problem.
This is good. Nice to see more than virtue signaling from our attorney general. Nice to have a Cook County states attorney willing to prosecute retail theft rather than treat it as just silly kids.
Right now all it is is virtue signaling from Raol. He talks about how he formed an Organized Retail Crime Task Force but that was 3 years ago, apparently with nothing to show. But I do applaud his efforts at doing something that sounds logical and anti-crime.