-- 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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With Lard A** at the helm of ILLINOIS what do you expect?
So Pritzker is begging the federal government for more unemployment money, but what the hell is Illinois doing about the fraud that is occurring. I just do not understand this man and his priorities, what gives chuckles clean it up fix it you fool.
BigBelt [the new B.B.] is a guy that could actually afford to repay the damage he is responsible for. There is no governmental immunity for stupid. It’s not that it hasn’t happened before. A pretty good contingent fee awaits. If the A.G. won’t do it [see Attorney General Revives Lawsuit Against State Pension Officials and Hedge Funds – Kentucky Center for Investigative ReportingKentucky Center for Investigative Reporting (kycir.org)] hire a Qui Tam expert and go for it. I doubt Biden can pardon him nor would any jail want to feed him.