-- 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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Of course, the conclusion (aka significance) of this scientific study is:
“[the] detention for alleged offenses that can be safely managed without incarceration is likely harming public safety and driving racial health disparities.”
Social Justice! No cash bail! Release criminals! Equity!
How can anyone take this nonsense seriously? Even science has been affected by social justice. Nothing can be trusted anymore.