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.
If this is not a B-line to socialism and financial control of the public via digital dollar, I don’t know what is.
OMG!!, Pawar is sugesting using pension funds to be loaned out for sjw projects…and then when all the loans go south the tax payers on the hook to make up the fund level differance just as we are today. What could go wrong???