-- 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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Government enabled fraud isn’t a bug. It’s a feature.
Qui tam lawsuit to collect funds obtained fraudulently from the State.
Unbalievable incompetence, especially in light that Illinois borrowed $billions$ from feds to cover inadequate state unemployment fund that all has to be paid back w taxpayer $…and meanwhile (correct me if im wrong), for the zillionth time, the ides offices are still closed and are over paid afscme ides heros are still astoundingly still working remotely. Qudoes to cbs for being only news outlet reporting on this complete flop of Illinois gov services. Unbalivable
Only my opinion why ides offices are not open and failing to report fraud, I believe the big heroes at afscme are involved.
Time to take Pritzker down.