-- 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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Rest in peace Officer Huesca. Criminals have no fear of arrest. There is no fear of jail. There is no fear of consequence. Criminals do not care about the punishment for their unlawful actions…because most of the time there is none. But in many cases, jail is better than their home life and many have been in and out of jail their entire lives and have no fear of it. So, they do the crime, because they don’t care about doing the time. Punishment needs to be ramped up to get these people’s attention, instead it goes the other way.… Read more »
and we are there………nicely said