-- 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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If it wasn’t so sad it would be hilarious. Here’s the train station now beat it!
The answer is pretty simple. Don’t do the crime and you won’t experience all of the negative consequences of criminal behavior. Unless you were born totally ignorant and stupid, you make a conscious decision to commit a crime. Nobody made you do it. You decided for yourself that it would be a good idea to do a crime. Folks contemplating the commission of a felony need to know that the consquences will haunt them for the rest of their lives.
Spot on. There’s a classic tome on this subject called “Crime and Punishment.”