-- 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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Even With A Quarter Of A Billion Dollars (Mis)Spent On Crime Prevention, Chicago Is Still An Unflushed Crime Toilet
What, if any, accounting are community provider/ grant winners required to submit? Are all anti-violence employees getting paid prevailing/ bacon-davis wage? Are they abiding by all the crazy zillions of new city & state hiring laws? Where’s SEIU, CTU, AFSME, etc demanding all anti-violence workers are unionized?….or maybe nobody cares
Hmm, I smell a grift for some connected dem folks
Not spent! “Funneled” to the Cayman Islands.