-- 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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Get used to it. State Attorney Cabrini Kim is on a mission to get convicted and incarcerated felons released for their 14th bite of the forgiveness apple under a new state law. 3 multiple convicted felons are on the list. Their crimes range from theft to armed robbery, home invasion and aggravated battery. Kimmy believes that restorative justice is the solution. Forget the safety and security of the tax paying public, kid glove hardened criminals. It all makes sense if you are insane.
When reality slams into fantasy!
The phrase “no good deed shall go unpunished” comes to mind, but this takes it to an entirely different level. Can we throw away the key on this human piece of garbage please.