-- 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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There should be DOJ charges of; theft of services.
We know #1 job growth sector in JB’s, “they’re going to be so tired of all the winning”, Illinois is pathetically government gigs. Is #2 sector for job growth NGO gigs?
Wonder how much NGOs gave the “king” march.
Stop giving my tax dollars to lefty groups.
One assumes the NGO unregulated spending scam was put on steroids with ARPA-COVID funds which are now spent? Will dopey taxpayers be expected to make up for in future budgets? No different than the supposed transportation “fiscal cliff” scam (CTA added 1,600 permanent employees during COVID, etc), education, etc, etc
Maybe not easy to quantify, but what is $amount$ of NGO grants in state budget pre to post COVID would seem an essential question?