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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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Are any of these crooks put state/municiple gov DO NOT HIRE lists?? Are they allowed to keep their crazy pensions??
If they commit fraud performing their work duties then they are eligible to have their pensions stripped from them. If they just committed a crime/fraud in their own time then their pension can’t be taken from them. This is no different than someone committing a crime who has a 401k.
Their massive levels of theft – both in this Wuhan Fraud and while “working” for the County Clerk Office – deserve the electric chair. That will solve the pension question.
So Cook County’s Clerk of the Circuit Court is proud that most of her employees weren’t caught stealing from taxpayers. Guess that tells you something about expectations for lawful conduct among employees of Cook County – feeling ‘proud’ about something we ought to just take for granted. Particularly since some dozens (at least) of employees at the Cook County Assessor’s Office, the Cook County Board of Review and the Cook County Public Defender’s office all also stole taxpayer PPP funds. In any event, aside from resigning, or retiring, or getting fired, or getting a mean note in their personnel file,… Read more »
The nightmare for these CRIMINALS is coming for them the FEDS are the ones who gave them the names so losing their jobs is the least of their problems
This is to be expected from a government worker. Nothing is going to happen to them. Government workers coverup for each other.