-- 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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Just additional proof that IL public sector union members are grifters at heart.
Just ignore all the covid relief fraud that occurred in the private sector. What percentage of fraud has occurred at the public level vs private? I’m sure you have that data. The reality is private or public, you will find fraud wherever opportunity for fraud exists.
I don’t think you know the definition of proof and you clearly demonstrate your inability to use basic reasoning.
Inflation is here to stay.
Analyze every one of these 50 employees and find out who their sponsor is. You don’t get these jobs without knowing someone. The higher the clout, the less likely they are prosecuted. And even if fired, they will be quietly be rehired in some other government office.
If we never shut down businesses we’d never have the program. People should be accountable but it sounds like some brokers supercharged the program and pushed the applications on people. If people are willing to do this I wonder if they are willing to fill out a few ballots…what a waste for US taxpayers who play by the rules.
Senile Joe and the Democrats told us we had to waste billions or all the children would die! More examples of lying, corrupt, union Democrat trash
The only way to avoid crooks in Illinois is to leave Illinois. This kind of Schmitt has been going on for generations and has only gotten worse. After cheating the taxpayer for years, they then retire to Punta Gorda, Fl. to live in luxury homes. The system rewards them for nonperformance.
The observation that most government employees are honest is likely accurate. But 50 employees in office? That level of participation suggests a real cultural problem.
You must have been born last night. Try and do business in the Chitty of Chicago and you will be shaken down by every inspector that comes out. You will almost always fail the first time. But if a local contractor fixes it you will pass. Graft is just the way it is, has been like this for generations. It has only gotten worse, and the end consumer is who ends up paying for all of it.
Audit: Widespread fraud, abuse of ‘extra pay’ in Chicago Public Schools
It is the culture of all Illinois democrats. There isn’t a nickel in a public program that they won’t attempt to swipe. They can’t help themselves as it part of their DNA.
Exactly.