-- 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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Illinois Policy Institute.
Leave your 13-year-old home alone? Police can take him into custody under Illinois law.
By Jeffrey Schwab.
December 22, 2016.
https://www.illinoispolicy.org/leave-your-13-year-old-home-alone-police-can-take-her-into-custody-under-illinois-law
Weird, at 9 my dad would send me walking to the corner store for cigarettes and a copy of the Chicago American newspaper. Riding around the neighborhood at age 8 on bikes shooting cap guns. Etc.
“Like in many states, the law in Illinois is vague.
It defines a neglected minor as a child younger than 14 left “without supervision for an unreasonable period of time without regard for the mental or physical health, safety or welfare of that minor.””
A 14 year old is typically in the 8th or 9th grade.