-- 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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The judges are just going to let them go by not allowing pre trial detention. You just can’t have career criminals off the streets say the democrats who pushed the insanity of the SAFET Act thru the legislature. The judges, especially in Cook County will bend over backwards to set as many of these career shoplifters free……or else.
It’s all just talk until actual arrests are made…
“Their numbers show arrest rates for any kind of theft were low—7% in Cook County.”