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.
When (and only IF) the facts come out, likely statutes of limitation will have expired and/or fraudsters will be broke/bankrupt and/or nobody will be prosecuted. Then we can look at how many of the fraudsters are public employees [or were aided and abetted by public employees]. Then will the public employees be fired with their pensions confiscated OR will the unions spend more public money defending the helplessly corrupt from for undue hardships or inadvertent errors? Failing that, will the unions encourage spontaneous work stoppages to force the State’s hand?
Gee…
You mean by keeping most state workers home…
It would enable some of the ‘essential’ workers left to man the ship, to engage in corruption…?
Thank you captain obvious…
I suspect that what goes on with DHS and Illinois’ Medicaid program would make the billions of dollars of fraud, waste and abuse at IDES look like very small potatoes. No eligibility redeterminations during the three years of lockdown. Offices closed to public contact. State employees ‘working’ from home. If someone looked into it. Which they won’t. All those wasted and misspent Medicaid tax dollars flow into the bank accounts of Big Doc, and Big Hospital, Big Pharm. Big Insurance and Big Public Employee Union. Who write big checks for big influence with the people who won’t look into what’s… Read more »
Illinois is the home planet for government benefit fraudsters