-- 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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The passage of this bill will open up a new branch for the exoneration movement.
The lawyers will sue the former police involved in the cases and the judges who sentenced them.
The Chicago media will do the litigation for them, demanding their exoneration.
The final result would be a payout to settle the lawsuit with millions going to the criminals and their parasitic lawyers.
We’ve seen this scenario play out so many times before in Chicago.
If this bill passes, we’ll see how Cook county SA O’Neill Burke handles the ensuing lawsuits.
“All we are asking, is give crime a chance.” (sung to Lennon’s tune)
If people committed a felony before they’re 21, need to serve their sentence. Dems trying to let more criminals out. These people need to know that there are consequences for their criminal behavior.