-- 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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Just like the millions and millions of dollars previously slated to bring gun violence under control. Solution, let the police departments do their job. Second, have state attorneys that are willing to prosecute criminals. Third, have judges follow the law and imprison violent criminals. Fourth, make prison what it’s supposed to be, punishment, and prison sentences served to at least 85% of the time given. Maybe a few more but I think those 4 would have a big impact.
Snickers is not just a candy bar.