-- 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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That whole strategy flies in the face of the SAFET act. Criminals are not prosecuted to the delight of the politicians who scream about racism. Revolving door justice system in Cook County is real. Who suffers? The average Joe citizens who get robbed, car jacked, shot etc. Sadly, most of the Chicago residents do not have a clue about what’s going on and will continue to vote for the democrats that have turned the city, county and state upside down.
Now that the Democrat purge law is set to begin, crime is now legal in Illinois.
Talk is cheap, the cops do not get out of their cars, the prosecutors do not prosecute. No hope in changing anything. More likely crime will increase.