-- 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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To what end? In many cities you can’t chase them anyway and even IF you do catch them thanks to our racist legislators they are arrested and released the same day.
harsh penalties for drivers who run from cops and endanger innocent people. There should be a minimum of 7-10 years with additional time for aggravating conditions or accidents. Harsh punishments are the only way to correct such behavior.