-- 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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And who is going to audit these monies to make sure that there going to the prescribed intentions, Pritzker will hold funds like he has with Pryor stimulus money, who is going to watch for the proper distribution of funds.
Yea, wonder what happen to all the $100s of millions that went to community group ‘contact tracers’??
He’s stealing the monies, as far as I’m concerned the DOJ needs to start investigating the Pritzker administration, we all know raoul won’t do a damn thing.