-- 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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100 of the 102 counties aren’t just going to give criminals a get out of jail free card. They’re going to up-charge everything and sign the paperwork required to find most criminals a threat to the community, and therefore, must be held for trial.
The “no bail” law coming to a community near you is of concern to 100 county state attorneys and law enforcement officials in those counties. In Cook/County/Chicago, not a care in the world. The voters will reelect Foxx, Pritzker, Lighfoot and every other democrat in the ticket no matter how incompetent they are.