-- 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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Union racketeers need a deep FBI anal probe
Unions are parasitic vermin. Period.
Within the next few years I’ll be leaving Ilinois. I grew up in Ohio – a functioning democracy – and likely wil return to that land of sanity. At that point IL will no longer be parasitically leeching off of my business and PPL’s pension funding will decline. Shortly after I’ll retire and IL wil no longer have it’s tentacles upo me. Afterwards, maybe to go to a Cubs game, from time to time Ill return to Chicago to visit and I hope to step over PPL in the gutter and his fellow criminal pension scum. If I am in… Read more »
Why are you waiting? IL getting worse by the day and new round of property taxes, gas taxes, and grocery taxes coming and pension costs growing astronomically. IL sucking you dry.
Counter public sector unions increased militancy by removing their right to strike.
Amendment 1 may not allow that.
I wonder how the courts would view taking away the ability to strike? Certainly seems like that would interfere or diminish their right to collectively bargain. I doubt we will find out as Illinois voters and leaders seem to support unions.
PPFtard,
Only 12 states allow public sector unions to strike.
48-12= 36 states do not allow them to strike.
Chew on that you union SNAPPERHEAD!!
Amendment 1 doesn’t exist in those other states. Do you lack the intellectual capabilities to counter an argument with anything other than name calling? While I’m not claiming to know how the courts would rule on this matter, it also wouldn’t surprise me if the courts claimed amendment 1 doesn’t allow it.
We will most likely never know as Illinois has shown no sign of limiting union members in Illinois.
Dem pols in Taxistan are beholden to their masters da corrupt public sector unions.
Maybe once your King Mikey Madigan is found guilty the tide will start to change in this Dem controlled cesspool of a state.
Menawhile I need to go figure out how to spend the extra $200K I have in my bank account since I left Taxistan 20 years ago.
You keep it in your bank account? lol. Not very good with money I see.
The people voted for amendment 1 not just the politicians. Forget Madigan, over 60 percent of the republicans in the senate also voted for amendment 1. They are giving the voters what they want.
Illinois voters support unions? Cook County voters support unions.
Along with the counties of Dupage, Kane, Will, Lake, Mchenry, Madison, Winnebago, St.Clair, Sangamon, Peoria, Champaign, Mclean, Rock Island, Kendall, Lasalle, Kankakee, Dekalb, and several other smaller counties. You can pretend it was just Cook County but the vote shows it had wide support around the economic engine of Chicago as well as other counties across the state.
Why are so many of you opposed to dealing with facts?
Amendment One was misrepresented to a gullible public – that’s why it had such support. Had it been presented honestly it might not have passed.
That’s the same logic the Capfax folks use for the progressive income tax defeat. It’s nothing but sour grapes. Campaigns are not required to market their proposal outlining the benefits and costs imposed by the opposition. The people chose to add this to the amendment regardless of what you or anyone else thinks was the rationale behind it. Over 60% of the republicans in the senate also voted to add this ballot initiative. This initiative had bipartisan support and the people ultimately approved it. It shows that the people of Illinois support unions more than any other opinion poll. If… Read more »
The progressive income tax wasn’t misrepresented. It lost because people found out that while you could tax millionaires a higher rate you could also tax retirees a lower rate. I’m sure retirees were a big reason it failed.
I don’t disagree with your assessment but my point is that people on the losing side always seem to blame it on the other for misrepresenting. You can pretend that everyone agrees with your point of view and when elections don’t turn out the way you thought then just fall back on the excuse of “the other guy lied”.
Until you can show elections that differ from current results, it’s hard to argue that Illinois isn’t a strong union state with strong union support.
Of course it was misrepresented but I don’t think that really matters. Many, particularly those with an Illinois public school education, know in the voting booth there is only the letter D and Yes for anything the D supports. That’s all it takes; the knowledge of a few letters and one is an accomplished Illinois voter
The D’s wanted the progressive tax and that failed. That’s not a solid theory.
Seems to me too many voters skipped the question on the ballot, having no idea what it meant, when they should have just voted no.
If all the voters that skipped the question had voted “No” it still would have passed. How do I know this? Because that’s exactly what happened to every skipped vote. You only need to get 50% of all those that voted in the election. All those skipped votes were essentially counted as “No” votes and it still had more than enough votes to exceed the majority threshold.
Facts are inconvenient to your theory.
Must be getting over the target. Do you downvotes even understand how amendments are passed? I’m kidding. We know you have no idea and just prefer to randomly rant. Truly next level ignorance. Well done.
You are correct but not for the reasons you think. My facts are not inconvenient, but rather, my understanding of the rules governing passage, which I admit, I misunderstood at first. Zorn actually explains it rather succinctly in this column. Now I under it better.
https://www.chicagotribune.com/columns/eric-zorn/ct-column-amending-constitution-illinois-thresholds-history-zorn-20201009-oq2brz3om5dthanuaqnehbdphy-story.html
Column: Making sense of the 3/5th vs. majority of votes requirement for the graduated tax amendmentBy Eric Zorn
Chicago Tribune
•
Oct 09, 2020
“but not for the reasons you think” If you understand it so well now then go ahead and explain where I’m wrong. Don’t link to articles but actually articulate your point. You clearly still don’t understand or you could point out where my comment is lacking in facts. I am factually correct. There are two ways to pass an amendment and you only need to meet the parameters of one to pass. One of which includes getting 50% plus one vote more than all the no votes and all the skipped votes combined. Skipped votes are essentially counted as no… Read more »
LOL
Yes. Your ignorance is quite funny.
You’re a total d1ck, and you probably are in real life, but so am I, even my friends call me an a$$hole, and I’m sure we’d probably get along quite well over a beer.
But before we have a beer, someday, I promise you, IRL, I’ll run into you, and at that moment, I’ll immediately know exactly who you are, either by the way you talk or write; and I’ll walk over to you, and whisper, “Pensions will ALWAYS be paid first” and you’ll know exactly who I am.
Easy, boys.
I’m just joking around, sorry about the bad language. No harm meant. I clearly get under the skin of our resident Constitutional Scholar, whose familiarity with legal opinions goes as far back as tomes in the Code of Justinian…
Its been said time and time again that when people inadvertently show you or tell you who they are inside their veneer you can believe them. Maybe your friends are trying to tell you something. Its probably very simple: once a(n) “….” always a(n) …!
I just said I was an ….hole. I don’t need my friends to tell me that. I know I am. And I’m perfectly OK with that. There’s really no point in being civil to people who hate me and are actively hostile towards me because of my conservative values, the color of my skin, and my traditional marriage. This stuff isn’t in my mind, like you said, you just have to listen to what your friends, or enemies, say about you, and you need to believe them….
I am not so certain Madison County supports unions. However I will say with the usual low voter turn out Madison County voters support unions.
Regarding Madison County you would be amazed how many do not even know when election day is.
Madison county had 55% voter turnout compared to 51% voter turnout for the rest of the state. People that don’t vote wouldn’t somehow provide a more serious or reasoned voice to our political landscape. Most likely these people are clueless about what’s going on around them.
The majority of voters in Madison county supported amendment 1. Voter turnout is just another excuse.