-- 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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Kim Foxx has the violent offenders right where she wants them. On the streets.
We all know what could work and what will work, but nobody in these blue state Union protected pension rackets is going to do it. Why bother? Risk getting an ACLU suite against you and your department? Smeared in the news? No it’s easier to sit back and wait it out until retirement in AZ or FL. If your on the legal side this is a bleeding heart’s wet dream! Look at all the racism they’re targeting people, civil rights violation, set them free! We already saw this in NYC after stop and frisk was declared unconstitutional. There are thousands… Read more »
This will spread faster than monkey pox on pride weekend. A year from now jail space will be at a premium.