-- 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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Thank you for so many dedicated efforts and successes, Adam! You will be missed🌹
Was waiting for an article on here. Surprised it took this long. If it weren’t for the work of people like Adam, and those working at Open the Books, we’d probably never get to read or hear details like current IRS and Federal employees owing over 1.5 billion in back taxes..
Big loss. He broke many cases of government malfeasance with well researched, indisputable facts and figures. His work didn’t get enough attention. Hope his replacement is equally dedicated.
YES! A very big loss for all Americans! 😥