-- 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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Wuhan Virus related unemployment fraud is likely small potatoes compared to the fraud, waste and abuse of taxpayer’s Medicaid dollars. One the “variances” requested of the Fed’s by Pritzker, in response to state employees “working” from home, was the elimination of the required eligibility process for Medicaid and SNAP. Since Public Aid employees were no longer investigating Medicaid claims, they were also not allowed to find anyone ineligible for taxpayer funded medical aid or food stamps. Thousands of people who were no longer eligible for public aid continued to receive benefits, and tens of thousands of others were newly enrolled… Read more »
Nothing to see here, move along.
It’s $1 billion that was misappropriated.
JB biggest slime ball in Illinois ever! Throw him out
If your one of the Republican governor candidates wouldn’t you want to be all this jb coverup??