-- 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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Interesting didn’t know carjacker’s had a mind.
Always nice to hear how the minds of enterprising young Chicagoans work. This guy has a bright future, until his luck runs out. Then, he dead.
The criminal justice system can’t handle juveniles doing serious crimes, like armed carjacking. Juvenile court was designed in the days when curfew and graffiti cases were common.