Pritzker “Seriously Considering” Two Very Bad Ideas – Quicktake
“Reamortization” and a pension obligation bond.
“Reamortization” and a pension obligation bond.
“It’s hard to know what’s more astounding — that Madigan states emphatically that all is well when he knows better or that he actually believes all is well. Either possibility is disconcerting.
One thing, however, is clear from Madigan’s statement about his wonderfulness. He worships the very ground he slithers along.
Further, if he doesn’t say it, no one else will.”
A republication of our Wirepoints article.

Comment: To understand why Radogno has no business in this role, see our article linked here from just before she was pushed out. She had no idea what she was doing.
Pelosi’s strongest advocates in the Illinois delegation are Democratic Reps. Jan Schakowsky and Mike Quigley. Schakowsky predicted Pelosi has the support to be the next Speaker when we talked.
Foster “is committed to voting for someone else on the floor,” Foster spokeswoman Mary Werden told the Sun-Times on Sunday.

Hmm.
Comment: The Machine’s finest and most shameless spin artist in action — Rich Miller. Pritzker is being bipartisan, Miller says, because he is working with Jim Edgar. And no mention by Miller of the two most important, concrete things Pritzker has said he is interested in — a phony “reamortization schemed for pensions and a pension obligation bond. See our piece on that linked here.
Comment: A pension actuary repeats what we’ve long been saying — “reamortization” is no solution. And, now Governor-elect Pritzker has said he is “seriously considering” this idea.

Gov. Bruce Rauner vetoed a bill to allow former firefighters serving as Chicago aldermen to credit their political salary toward a more lucrative firefighter pension. It could come back during veto session.
Beyond words.

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