-- 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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At my address I have received multiple IDES “responses” to unemployment claims from various people. At least four envelopes came to my address with prepaid debit cards ready for spending. I did not open them, but I could see and feel what was in the envelope. There are so many coming through my business and at my home address that I can’t keep up. Knowing IDES, I don’t dare call them — I don’t have hours of a day to waste. What a terribly run agency, to have an infrastructure and security that is so poor that these basic scams… Read more »
Where’s Kwame???