-- 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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There are some crimes that are so vicious, so violent, so horrific that the person responsible should never see the light of day. They should die in prison confined to an 8×10 ft cell after spending their entire life locked up in that cell. No second chance, no mercy. Do not tell me that someone who is 18 or 19 years old does not know that committing murders is wrong, that committing violent, vicious crimes is wrong. That killing someone because they have the wrong color socks on or didnt acknowledge a gang sign or looked at them and that… Read more »
It gives additional fear and violence against law-abiding citizens