-- 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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Wouldn’t want to deprive the 10/11/12 year olds a chance to make money by being lookouts for crimes being committed, running dope on their bicycles, etc. “ Lil Homicide “ , the 12 year old shooter would be happy, had he not been killed drawing on a Cicero police officer.
What a relief Illinois will still imprison 10-12 year olds that commit murder, aggravated sexual assault and aggravated vehicular hijacking! Do they think this is really a solution to teen crime or are they just trying to reduce reported crime totals by taking teens out of the statistics?