-- 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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I showed my elementary school aged children the Nick Shirley videos today. I explained to them that not long ago they were in a large day care, and that these day cares were all fake. They watched the daycare owners get upset when Nick asked “where are the children”. I looked at my youngest, aged 9 and asked her why the people were getting upset, and she said, “because they know they got caught cheating”. Even children understand how morally wrong it is to cheat. I explain to my children there is a bigger, wider world out there, and lots… Read more »
There’s much more fraud in IL. Raoul letting out information on small amounts of fraud so that the Feds don’t do a full investigation to discover the rest of the fraud.
Meanwhile, underneath this article is about how Raul-the-Fool has filed 50 lawsuits against the Trump administration. Pretty much tells you all you need to know about our states top law-enforcement officer. So pathetic!
Good thing we don’t have Somalian child care companies in Chicago.
Always good to audit/review the books every five years or so. Sounds like IDHS hired the CYA company..