-- 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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Durkin questions for you, we’re where you during the pandemic lockdowns, we’re where you during the midterms supporting your republican members running on the ballot, why weren’t you out and about in the state campaigning for your team and why didn’t you support Bailey. To me I’m glad to see you go because you are just absolutely worthless, funny how you resign and won’t seek re-election so you can walk down the stairs instead of being pushed down the stairs and pushed out the door, good riddance.
It is about time. His leadership for too many years has been little more than collecting a paycheck. Can’t think of a single first rate legislative strategy, campaign program or back bencher tactic he ever initiated. Madigan just ran circles around him. He was never up to the job and it is a sad commentary on the caucus and the party that he wasn’t gone long ago.
He has been part of our problem for a LONG time.
I don’t blame the IL GOP. They are as hapless as the hapless IN Dems because they’ve been out of power in the legislature for 40 of the last 42 years.
The goal of politics is to destroy the enemy and make a one-party supermajority state.
It’s happened in neighboring IN. It’s happened here too.
Except IN has low taxes, good schools and alot less wokeness.