-- 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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The Illinois Way (PPP: Paint, Payoffs, and Parole) When COVID came knockin’, and budgets got tight, Some heroes in government saw dollar signs—bright! Not nurses, not docs, not those on the brink, But bus drivers and jailers with fraud as their kink. “Got a side hustle? Don’t need to be true— Just tell Uncle Sam you’re the CEO too!” A bowling league broker, your taxes a mess— Just toss him ten grand, he’ll handle the rest. New floors, fresh paint, an SUV ride, All courtesy of that PPP tide. Why run a business or sweat through the day, When the… Read more »
375? Just the tip of the iceberg.
What appears to be all the individual reports are posted here. There was lots and lots of fraud in the PPP, so of course some of it was committed by gov’t. employees.
Look up ppp loans in your county, or zip code. Recognize any names? Fraud everywhere and someone taught them how to do it.
So are any of these folks going to pay back the estimated 1.5M they stole or are we going to let the statute of limitations expire? Any lawyer will tell you “ Winning a judgement is one thing. Collecting it is another.”.
It’s IL, what do you expect? Do you think the only crooks are Madigan, Burke, etc? It’s the IL graft machine. You think the little people in all levels of IL government don’t see the opportunity to get their share?
Greedy, ethically-challenged people tend to do greedy, ethically-challenged things. If Illinois doesn’t lead the country in greedy government employees, I’d think it at least leads the country on a per capita basis.
The actual number is most likely much higher. They tell their friends at work and everyone else gets into the crime. This program was riddle with theft and corruption.
If you seek proof that Public Sector Union members are thieving grifter parasitic scum look no further. And these are just the ones caught so far. Certainly there will be many more of these pestilential lice.