-- Connecting the dots between our economy, government and business --
A federal report said more than $45 billion has been stolen in the U.S. from fraudulent unemployment claims, but the state of Illinois still isn’t revealing how much was stolen.
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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Unfortunately, this LOL governor JB won the election with about 10 counties, and they should foot the bill for this one. Maybe he could get the snow platoons to investigate.