-- 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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Bogus. Typical. Dismissive of taxpayers. The worst of the 50 states is my guess for sure, cause almost everything else is, and has been for the past decades.
BTW – are they ever planning to open the offices? If not, why not?
The magnitude of the fraud suggests it was an organized enterprise. Does no one have a clue as to how this was accomplished? Why is this okay and why isn’t there a task force dedicated to this effort? How and where was the money spent? This wasn’t cash sent out in the mail. Follow the money trail people. This is either over the heads of the people in charge, or they aren’t interested in solving the crime. Not a good look JB.
It’s truly shocking non of Republican gov candidates aren’t making unemployment fraud /coverup #1 issue?..jb and the loafer-work from home afscme heros own it