-- 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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Illinois Republicans should just concede the November election now. I’m 100% serious. Last night, Democrats showed up in record numbers and walloped Republicans in nearly every race throughout the country. This was merely a continuation of what happened in Illinois in the spring. Last March, Democrats utterly and completely destroyed what little remained of Republicans in the entirety of northern Illinois. Traditional Republican strongholds in the suburbs were routed and decimated. Every seat from the local dog catcher to the county board went Democrat, with massively huge vote totals unlike anything we’ve ever seen before. Democrats were angry and voted… Read more »
That’s the spirit. Just give up and accept your fate. That’s what the so called republican voters did last night. Enjoy the outcome.
Illinois is a lost cause. It’s over. It’s an unwinnable state. The decision to abandon the state was made back in the 90’s when Clinton won both elections, and H. Bush lost the state handily. The national party abandoned Illinois for presidential elections and by the late 90’s they abandoned even senate and house Republicans too. Peter Fitzgerald decided to forego re-election despite beating an extremely popular senator, Carol Mosely Braun, six years earlier. He said that he was told by Washington he would receive $0 support for reelection because it was a lost cause. In stepped Jack Ryan, and… Read more »
Peter Fitzgerald. The last true good Illinois Republican Senator to make it to Washington. An unbeholden thinker, a little similar to Trump, who also worked hard to represent conservatives, all at the risk of alienating the old guard who just wanted him to take his place and play along. Personally, I think he experienced enough of the cesspool in Washington in the one term to even contemplate doing another. The rest is history. Jmho