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.
The faster the Fake Money supply grows, the faster your personal money supply loses bankable value.
From other articles, its my understaning , illinois has been approved for highest in nation up to +$12 billion borrowing if needed loans from feds for unemployment benifits but this articale states the loans can be forgiven? So once again, is this bailing out irresponsible states like Illinois vrs a Wisconsin?
Philly Inq. had this hilarious piece about PSERS. The fund managers are totally lost and have no idea what junk to invest in.
https://www.inquirer.com/columnists/psers-coronavirus-chinese-bonds-20200620.html