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Reform for Illinois, which is nonpartisan, said the the issue is bigger than just the Rummel duo. “The concern is if this goes unanswered — if the State Board of Elections doesn’t act in this case — then how many more candidates and elected officials will decide, ‘Well, why should I have a candidate committee and deal with these smaller contribution limits? I could just have a PAC and take in twice or three times the amount of money.’”
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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