-- 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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Nice haul on north Michigan Saturday! Millions of luxury watches, then the usual junk coats,wigs, and make up. Great security plan. See CWB foe details, Trib and Sun won’t touch it!
Hey, Daily Herald,
It’s not rocket science- No locked up criminals leads to this!
Cool county is burning and FOXX was reelected by dummies!
I know I’m going to get crucified here, but here goes: Should the felony theft threshold be somehow indexed to inflation? In other words, when was that $300 limit was set? $300 in 1990 dollars is $660 today.
Let the arrows fly…
A store owner in California raised everything in his store to $951 so anything stolen is a felony. When you check out you get a coupon to reduce it to normal price. Legal. Who knows?
The “price” of something is that amount actually paid, I’d have to guess, probably rendering his scheme worthless.
Good idea, Nixit. Let’s re-calibrate the felony theft threshold to $300 this year. Then add an annual inflation adjustment like that used for Army retirees. Rate of inflation minus 1 percent.