-- 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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
So a Federal Government program distributed $800B in forgivable loans, and $200B went to fraudulent individuals. And all that has been recovered of the fraudulent loans is $1.4B. Another excellent reason for DOGE.
Not her first rodeo:
https://patch.com/illinois/oakforest/driver-told-cop-he-had-8-drinks-before-hit-run-crash-blotter
Crestwood Woman Arrested on Outstanding Drug WarrantAmanda Marie Heller, 26, of the 5400 block of Fairway Drive in Crestwood, was arrested on an outstanding warrant for possession of drug paraphernalia, according to a report. Heller was stopped by police after she made a lane violation. A background search turned up a warrant from the Robbins Police Department. She was taken into custody and transported to Robbins.
look up ppl in your zip code. any people or business that you recognize? very, very few.
This is just the start. Second City Cop has been talking about this for years of how many city, state, and county employees joined in on the grift. Let’s hope the Justice Department does a thorough audit of that idiotic program.
Second City Cop