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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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So this is what it takes to get no bail: driving a stolen car, illegally carrying a gun, committing an armed robbery that leads to murder, being in possession of stole mechandise, and fencing said stolen goods. In Cook County, it takes only five separate and distinct felonies to get no bail. And worse: under the new ‘no cash bail’ law in Illinois, this guy might actually be out on the street again. The new law says There shall be a presumption that any conditions of release imposed shall be non-monetary in nature and the court shall impose the least… Read more »
The guy he murdered in cold blood is already dead, so there’s no specific threat to a witness or participant! Out free!