-- 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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BFD, it’s government money ; it’s free for the taking. The entire NE corner of Illinois is a nest of thieves.
Public Sector “workers” are natural born grifters. No morals. No conscience. They simply see the real working taxpayers as a source of revenue.
All government employees rip off the taxpayer, so he did nothing different.
Nothing will happen to him. Just a HUGE PENSION at a young age.
The taxpayer was put on earth to be screwed over by the government Lackie.
Wait until they start the missing watermelon investigation. You ain’t seen nothing yet.
Wow, I bet they were sold at the Bud Biliken festival. Someone made some serious coin off those kids.
That’s a whole lot of wings. How many kids does she have? I suspect this will result in a slap on the wrist and a stay at home order that requires her to make wings.
The real issue is the complete lack of controls. How was this 66 year old food service manager able to order $1.5M worth of food that cannot be served to children (wing bones are not suitable for children). And the only reason the district looked into it because at less than the halfway point in the school year they were $300,000 over budget? Harvey suffers from quite a few afflictions. I don’t understand the recklessness.