-- 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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Need qui tam lawsuit against fraudulent claimants in order to get discovery from IDES as to the root causes of their departmental ineptitude ( at best ineptitude, at worst corruption and fraud).
State of Illinois has shown zero willingness to protect the people from malfeasance within its own government, citizens need to take up the work of our own self-defense.
Wait a minute. There can’t be a problem. Pritzker and the Dem legislators have been bragging for weeks that they just passed a balanced budget and we are on the right track to financial nirvana. What happened–did they forget about this little $5 billion problem? And do we really have a balanced budget if we have to rely on a multi-billion dollar handout from the federal government to solve this problem? Lying just comes so easy to these folks on one issue after another.
Forked-tongue fatty frequently falsifies facts’n’figures.