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.
After New York’s corrupt Speaker was deposed, his successor “pushed for increased school spending … and raised minimum wages across the state…”
Life without Madigan may not be as rosy as many predict these days. Consider that Illinois voters will still be here after Madigan is gone and based upon some of their other voting decisions Madigan may be better than what could be coming. Lori Lightfoot for example could someday end up in that Speaker’s seat. Expecting change for the better is not always what one gets when the game of political music chairs is played. Sometimes, after change, many look back thinking things were better under the older system. Remember this is Illinois and the voters of Illinois seem quite… Read more »
Beauty and political sense are always in the eyes of the beholder.
Yup, it’s gonna be a lost decade. The remainers can stay and rot. No skin off my back – though I’m sad since I was raised here. All good things come to an end, especially when Democrats get control of things, that’s for sure.