-- 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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Reminder that hundreds of similar organizations get state funding totaling billions of dollars, with almost no oversight. This is a massive scandal that will unfold gradually.
Non profits should be eliminated. Period.
Ahem. No.
It appears that rather than correct their problem (of not filing required tax returns for three years) they simply changed their name and filed as a new entity. Their website doesn’t identify who runs the organization or who is employed by the organization. It’s basically a “big bucket of money” given to a non-compliant group of mysterious people who will spend 90% of their budget on big salaries for five people and 10% on yoga sessions. If Illinois stopped funding NGOs our financial problems would be on the way to gone. Start saving by defunding this shell group.
One of the other tricks used in state appropriations is to use somewhat different names for the same organization, hiding how much is going to them.
No more taxpayer money for non profits. They’re all scams and a way for Democrats to get money. Non profits should fundraise so that only people who agree with their goals pay, not taxpayers
State lawmakers voted to spend $55 billion in a year, passing a bill they had not even had time to read. It would take too long to read, assuming they could even understand it. What could possibly go wrong? Equity! Affordability!
The entirety of Democrat budgets are a grift. It’s Tammany Hall all over again. You scratch my back and I’ll scratch yours and we’ll make Republicans pay for it all.