-- 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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Early in 2020 Covid press briefings, Apr 16th 2020 CBS2 article. Our LoL governor JB announced turning down Fed help to overhaul the IDES system. JB gave Fed money to Deloitte, Accenture and maybe another consultant to do that work. How much of US taxpayers dollars were spent and why don’t the consultants straighten the mess out they seem to have created? Center Square please get the question answered. Let the Fed’s know what JB did.
Anarcho-leftist government employees can probably work around any system to distribute money to their friends and allies. There is, of course, “no evidence” that will result in a finding of culpability against one or more individuals or firms. Finding and prosecuting or suing those who are intentionally or negligently responsible would probably triple the costs, with most of the funds going to lawyers. It seems that criminals over the entire spectrum from ball-busters to Biden have figured out that the risks of getting caught and punished are acceptable. Americans are relatively late to the game, having believed that the “rule… Read more »