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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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Former Illinois Republican Governor Jim Edgar said that he would vote for Joe Biden. Unfortunately, the fact that Edgar is a Biden supporting RINO doesn’t surprise me. After all, he was included on Mike Madigan’s clout list. It’s time to flush the remaining RINOs like this out of the Illinois GOP. https://www.sj-r.com/news/20200824/former-gop-gov-edgar-says-hersquoll-vote-for-biden Edgar appeared on Madigan’s clout list in the document attached to the article below. He wanted clouted into a trustee position at the Abraham Lincoln Presidential Library and Museum. He’s not listed as a trustee on their website currently and from what I can tell he wasn’t successful… Read more »
We live in an era where party matters. It matters immensely. Voting for the other guy doesn’t mean you’re just voting for the other guy – it means you’ve voting for the other party. And there are very, very real differences between the parties, despite the loud voices that scream “they’re all the same”. R Trump spent 4 years reversing all over Obama’s policies and D Biden in 9 months has reversed nearly all R Trump’s policies. And with a vengeance too as they are purging all dissenters from the government and growing it only with Democrat appointees, none of… Read more »
I’m sure he’s happy with the policies from Biden. This Edgar guy is a complete fraud.