-- 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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Easy for IDES to blame its mess on threats of violence. But I’m still confused about IDES employees and all the afscme heros state wide in general. As far as I know Pritzker has never rescinded 3/2020 work remotely order, so what’s the deal, are any state workers required to show up to work at offices? Is it voluntary if they want to show up to work at the offices? Or keep working from home forever? Nobody in press ever asks. As articale states, other states never closed thier emploment offices.
Nice to see that a TV station can do some serious investigation. Kind of hard to read thru the spreadsheet, but I see that in one of the incidents, the offender “threatened to call police” on IDES.
IDES kept offices closed but not a single IDES “worker” was laid off or ever missed a paycheck. Yet the chumbolones who paid into the incompetently maned IDES system got screwed.
Porky just giving everyone a taste of the spigot closing. Ya want money, get a job! This from someone who’s never had to work a day in his life!