-- 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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They are Democrats and they supported the ones that brought the law into being. The whole thing will become a big mess but it should go ahead just as it is just like those lawyers wanted it to once. Then when all h**l breaks loose maybe it will finally wake up some Illinois voters for once and, at the same time, give a good education to those collar county liberal white housewives for once. They voted for it and deserve the outcome.
Let the residents of Illinois live in the excrement of their own making.
Jails and prisons aren’t perfect, and they aren’t cheap. But someone should tote up the cost of alternatives — including the pay and benefits of those “public servants” who monitor the alternatives. That cost should include the value subtracted from the lives of the victims of our enlightened alternatives. We can’t overlook that some innocent people get jailed, and some juries convict the non-guilty. But how much do we spend trying to perfect ourselves: reparations, graduating incompetents, quota systems that advantage individuals notwithstanding that they were never disadvantaged in the first place? “The perfect is the enemy of the good.”… Read more »