-- 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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Illinois GOP calls for this calls for that but yet they do absolutely nothing, Republicans in Illinois are nothing but trinkets
Its called money laundering and criminal conspiracy.
I don’t remember voting for NGOs or Illinois to organize and conspire to harbor and aid and abet criminal illegal aliens. Or for it to be paid with my tax dollars.
This is as illegal as the aliens themselves.
ILGOP needs a vastly more expansive and vigorous effort to call out all of this stupidity. Their efforts are minimal and almost seem perfunctory rather than heartfelt. Copy the Trump approach, which is shouts out and never backs down.to
How about a NGO to help US citizen taxpayers.
All Republican representatives need to be calling out this abuse and waste. This government has no problem inventing new and creative ways to take money from hard working Illinois residents in the form of taxes and crapping it away on this NGO money laundering scheme. They learned it from the Feds and are doing it directly in Illinois. This organization’s website suggests that it is “Helping South Asian immigrants in the Chicago area become empowered and connected through education, resources, and social services.” Really?! $14 Million?! Seems like when the state is upside down on its finances and the existing population… Read more »