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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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How will lawyers get paid now…?
Oftentimes the bond is awarded to the defense attorneys…
How interesting that law enforcement is bracing for the end of cash bail. The most concerned individuals that should be bracing is the ordinary everyday citizens that are generally the victims of the crimes. These victims, after calling the police, will be able to face the perpetrator who will be back on the street in no time to provide retribution to the victim for calling the police. This is a perfect reward to the Illinois voter victims, both black and white, for voting Democrat or, as is so often the case, not taking the time to vote.
I took this definition from Cornell Law School https://www.law.cornell.edu/wex/bail: =Bail is the money a defendant pays as a guarantee that they will show up in court at a later date. A failure to return triggers the bond obligation and allows the court to keep any money given as security. According to the American Bar Association, the judge or magistrate decides the amount of bail by weighing many factors, including: the risk of the defendant fleeing, the type of crime alleged, the “dangerousness” of defendants, and the safety of the community.= And this from Black’s Law Dictionary; BAIL Releasing a prisoner… Read more »
They will most likely roll over.
The ILSC was really disingenuous when it said that ‘cash bail’ was virtually unheard of at the time of the IL constitution. Of course cash bail was virtually unheard of because real or personal property was considered surety, or the pledge of someone else to pay the bail, ““ancient practice of securing the oaths”” as it had been for nearly 1,000 years. Even today, ‘cash bail’ is rare, as most defendants pay bail through wire transfer, money order, credit or debit card, etc. The purpose of this law isn’t to make things more equitable or fair. The purpose of this… Read more »