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.
Unfortunately it looks like we will get another 4 years of the tyrant unless cook county flips to Bailey get ready for some hefty tax increases folks under Pritzker.
Taxes will need to go up regardless of who is elected. If the state really wants to balance the budget then it needs another 6 billion a year. Otherwise, the state just continues down the path of essentially borrowing from the pension funds and then act shocked when the pension debt increases.
Do you really believe that Bailey would cut $10 – $15 billion from the budget?
So you don’t believe a Republican IL Supreme Court might revisit a pension case, and change its mind on the pensions? These are elected officials, they see which way the wind is blowing….
No I don’t. 3 of the 7 justices were Republican and they voted that diminish and impair means exactly what you think it means. In my opinion, Republican justices tend to follow the constitution much more closely than the Dem justices so I don’t see that happening. In my experience, it’s the Dem justices that don’t use the constitution as a compass and instead rely on your “which way the wind is blowing”. Look at any case involving the right to bare arms. Most of those cases should be decided 9-0 based on the clear text of the constitution. Instead… Read more »
“Most of those cases should be decided 9-0 based on the clear text of the constitution.”
I know right? There’s a clear right to an abortion in the US constitution, its right there, gotta look really close, there’s quite a few medial s’s in there, but it there, I swear it is. And I’m old enough to remember Chief Justice Roger Brooke Taney’s decision finding that Dred Scott was property that must be returned. It’s right, right there, in the constitution.
While unfortunate I have to agree with you on this. Following old simple logic you can not take a sucker away from a baby. There would be considerable unrest should any of the past installed vote buying programs even threaten being cut. The past pension changes have been decided as iron clad in previous court decisions. Bailey could however slow or eliminate new giveaway vote buying programs making things stand as they are and not getting worse. There will be no cuts except to new spending programs that would put Illinois on the right track however, facing the music it… Read more »
I liked the last question about making a compliment to your opponent. Bailey said the governor has a nice suit and the governor said he admired Bailey for his 30 year commitment in marriage to his wife. Simple and decent answers