-- Connecting the dots between our economy, government and business --
Imagine you committed a racial hate crime where you falsely accused people who didn’t look or think like you of a horrible atrocity, and that you’d have gladly picked some poor saps with the wrong skin tone out of a line-up and sent them to prison for decades given the chance. Now imagine the two half-wits you hired to help you managed to get caught on video buying their stereotype get-up and spilled it all to the fuzz, though the fact you paid them with a check – because you’re a criminal mastermind – was already enough to get a grand jury to indict your sorry AOC. Now, what are the chances the DA is going to transform your 16 felony counts into a $10K fine and a couple days community servicing? Your chances of said outcome are poor. They are poor because your pals are neither Mrs. Obama or Willie Brown’s gal pal.
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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Chicago is a joke. Stay away from Chicago and Crook County if at all possible.