-- 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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Hmm…….let’s add pagers to the list while we’re at it.
Wait a minute, some downstate judge said that we are all safer because of the SAFE-T Act, but this says that possession of a g…d… machine gun which is definitely NOT safe is not a detainable offense. which is it?
How is this possible? Machine guns have been outlawed for decades. In Illinois, most semi-automatic weapons are outlawed. The devices that can allow semi-automatic firearms to mimic the effect of a machine gun are outlawed in Illinois. Chicago has some of the strictest gun laws in the US. You cannot purchase class III weapons or devices in Illinois. Could it be that the denizens of your city don’t care what the law says? In neighboring states they allow Class III sales. It’s just that people in those states don’t generally use them on each other. What is it about your… Read more »