-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
It’s really quite basic. If you want to vote, don’t get yourself convicted of a felony and sentenced to prison. Now I know everyone in prison is really innocent, and the victim of some overzealous prosecutor, but that’s just too bad. No vote for you!
Totally agree – passing ballots around the jailhouse/prison is simply wrong-headed.
If you’re a convicted felon, incarcerated or out of prison, you should lose your right to vote and to run for office – period.