-- 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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Township Officials of Illinois executive director Jerry Crabtree insists there’s a good reason for government being as big as it is in the state, namely the fact that the state is the sixth largest in the country based on population and has a heavy mix of urban and rural communities,
And we should believe that’s uniquely Illinois, Jerry? Townships are where loyal but defeated or termed-out Democrats are put out to pasture. Keep those checkbooks out all you taxpayers.
Not a snowballs chance in hell of this happening.
Government grows like a cancer. It will not change till they run out of money. Lots more taxes before this happens.
You could fire 1/4 of all government workers in Illinois and see ZERO reduction in the public services that Illinois residents actually need — offload all the publicity flacks and diversity-do-nothings
Great sound bite but time to Quit talking and get a bill passed or attached as a rider to allow for the consolidation or elimination of these useless taxing bodies. The Illinois Republican party has to win SOMETHING.. come together as a united group and block everything in Il government, cause pain if needed, until the R’s get something. I’m sick of losing everything in this state and watching it go to hell !!!
The R’s will get nothing passed. If I’m not mistaken not one voted for the budget from the house or senate and it still passed. Not many in either party even saw the entire bill. With a super majority by the D’s they pass whatever they want with little or no discussion on the floor. JB is getting carpal tunnel with everything he is signing. Maybe the R’s need to form a separate government like a timeshare. On Mondays/Wed/Fri the R’s run in Springfield and Tues/Thurs/Sat the D’s. Sunday off. Whomever makes a better deal for the taxpayers get the… Read more »
Figure our a way to block the Dems and their socialist agenda. It’s their job and part of being a skilled Politician.