-- 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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Good article from Mr. Kass. My one objection is to the statement … Gov. Fat Boy ate his fears and was so terrified that he sucked up to black racists and BLM activists by getting rid of cash bail. “No cash bail” is a double-edged sword: One side: Szech, a convicted felon, had posted 10% of a $300,000 bond in July 2023 after being charged with reckless discharge of a firearm and felon in possession of a firearm. https://www.lakemchenryscanner.com/2024/08/24/charges-upgraded-against-man-accused-of-involuntary-sexual-servitude-of-missing-child-found-at-green-oaks-home/ Other side: Our legislator [sic] and [sic] their wisdom decided not to make criminal trespass to an airport detainable, so you are… Read more »