-- 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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Just another good example of how all government employees are crooks and screw over the poor honest hard-working taxpayer every chance they get. Taxpayers were put on earth to pay taxes and be cheated by government. Shut up and pay your taxes fool.
The school lunch program was a scam on the 70s too. After the Archbishop closed my Catholic school in 1969 I went to the public school where they had a “free lunch” program for allegedly poor Marginalized under represented at-risk kids. They got a lunch card which was to last them 2 weeks. Occasionally they’d lose on the floor in the hallway. Id always pick them up and use their unpunched days left.
It was a real bonus if they lost them early in the 2 week period. I once got 9 free lunches as Reggie Brown!
I’m shocked, just shocked, to learn that there is fraud in the CPS Free Lunch program.
Stealing lunch money from the kids—how pathetically low can you go….wheres CTU’s responce to CPS IG report?? We are waiting
If they reply at all, it will be obfuscation and bloviating.
Just additional proof that IL public sector union members are grifters at heart.
Union member response: Clearly you’re just jealous that you didn’t get in on the scam! 😉