-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
Because Foxx is gone and police can do there jobs.
Geee…more criminals in jail and crime goes down? Who would have thunk it!
I came here to say the same thing. The blatant denial of such cause and effect, shows the evil of Liberals. Liberals are rotten citizens.
As always, continuances, change of lawyers mid- stream, new evidence and the snitch that later claims to have been coerced into false testimony play their part. Throw in the same ambulance chasers that one sees at every press conference along side Revrun Activist and Big Momma He’s A Good Boy and the picture is complete.
This increase in jail population sure wasn’t mentioned in the recent stories about why crime numbers are improving in Chicago.
The Cook County Court system has always been constipated. There’s no incentive on anyone’s part to really fix the problem.
While I can’t say what it would look like, Cook County is surely in need of an enema.