-- 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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Everything seems to involve fraud.
Supremely eligible for a qui tam (whistleblower) lawsuit.
The government refuses to pursue action to recover damages for crimes against the government, it is then up to private citizens to pursue justice (and collect 30%+ of the recovery in so doing).
Is anyone really surprised how rampant the fraud was in Chicago.
https://www.sentinelsource.com/news/economy/poultry-farms-in-apartment-13-d-red-flags-go-unnoticed-in-214-billion-pandemic-aid/article_7faea7be-c61b-5db0-a3af-e67a42bc1502.html