-- 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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Jesus now the corruption and fraud goes beyond Springfield
There was much more of this. These happened to be the only ones caught. Should have never been implemented. Should have never shut down our economy.
Sounds like a Serbian mob, didicoys!
“7 Chicago-Area Residents Charged in $16M COVID Relief Scheme – WTTW (Chicago)”
That’s nice. Likely won’t recover a penny of the taxpayer’s $16 million, but at least we’ll have something to read about while we deal with $5 a gallon gas, $7 a pound bacon, car-payment size utility bills, and our cratering retirement savings.
“We’re the Federal Guvmn’t. We’re here to help.”
Right, you bet you are……