-- 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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They try to make you live in a world of fantasy and make-believe, where tens of thousands of new small donation donors really exist, they swear, they really do, and conveniently leave out the ActBlue fraud, where large donors wash large donations through ActBlue’s small donors to get around campaign finance contribution laws. Big donor gives $10,000,000, and then Act Blue divides that up into 250,000 donations of $40 each on behalf of small donors to various campaigns across the country. How convenient that the GOP house is investigating this fraud at this very moment, and the Sun-Times fails to… Read more »
Yes, James O’Keefe exposed this fraud!
Print the names of the donors, I want t see if my name is listed