-- 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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Thanks Kwame. Nearly a year late but at least you gave time to the insiders pulling off this crap to stop.
Illinois AG Raoul announces task force to get his face on TV
As usual Kwame is late to the party. This should have been done back in May. Why did it take so long, and where is all that money going? This is a well organized ring, and it begs the question why no one seems interested in catching the fraudsters.
Will they be looking within IDES, that’s where they need to start.
Said it before and will say it again this fraud is a inside job, to much information is needed to apply and these fraudsters have this pertinent information we’re is it coming from IDES