-- 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’m sure all the over compensated asfcme heros working from home remotely, wailing awy the hours staring at god knows what web sites on state laptops when they are supposedly doing a bang-up job for us taxpayers could never ever never have anything to do with security breach/ ransomware attacks??
The attorney general didn’t work during the pandemic or answer phones. The web site didn’t work either. When I finally contacted one of the patronage workers at the disability section of the attorney general after countless emails, he told me he was unable to be reached by phone or email but he was on the payroll. When I contacted the inspector general of the ag these losers were cleared of any wrongdoing. Total fix to protect the minority patronage workers in raouls administration.