-- 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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I wish the RNCwould invest in IL elections. They should sponsor a credible candidate for governor and the senate. JB, Durbin, and Duckworth need to go.
They think IL is a lost cause, which will continue to be a self fulfilling prophecy as long as they don’t bother even trying to win.
Who? I hear this all of this time. Who exactly should the Illinois Republicans run? What mulit-millionare or billionaire is willing to step up to run for Senate and face a humiliating prospect of losing by 10 to 12 points in a midterm? Who wants to spend tens of millions of their own dollars to lose? Who wants to lose a race and forever be known as the perennial loser? Illinois’s piss poor Republican party is a feature, not a bug, of a one-party state. Most one-party states are like this. There has been decades of structural hurdles set up… Read more »
It’s true that the Republican party does not put in much money for their candidates in Illinois. Case in point the 17th Congressional district here Rockford. Eric Sorensen vs Joseph McGraw. Sorensen won again against McGraw (R). He was an accomplished attorney and Judge who knows the law and Sorensen was a weatherman on local TV so he must have the necessary credentials according to the Democratic party to be in Congress but someone who knows the law does not. The D’s backed Sorensen with tons of money while the R party did not spend a lot of money for… Read more »
One has to wonder if Pritzgers comments were intended to garner notice and keep him in the spotlight for his run at the WH in 2028. With his track record of abusing power, trying to cheat on property taxes, trying to negotiate a deal for Obama’s vacant position and lying more times than Tommy Flanagan, it would seem that he would try and keep a low profile. He has an end game.
The king of covid EO’s is going to lecture (R)’s on the looming threat of fascism…? ? ?
Please let this be the beginning of the toppling of his house of cards…
Republicans in Springfield and the people of Illinois need to call for Pritzker’s resignation now! He needs to go, my representative already has a letter asking to assist in this matter.
The only way he’ll go is if he croaks in office, this power hungry stooge is dug in deep and has the vote of the commie liberals who outnumber the rest of us
Oh no the commie liberals do not outnumber us, look around you and see what’s going on in the country.
In Illinois I should have been more specific
Yes, we are most definitely outnumbered in Illinois. Decades of conservative residents leaving or dying have, all the while being replaced by foreign born loyal Democrats and professional class ‘never miss a vote’ college graduates. Our state is a haven for progressives who want to stay in the midwest but don’t want to live in any other state. There are hundreds of thousands of them that vote every election. They form a massive part of JB’s 2,500,000 votes every election.
But won’t carry him to the presidency.
You are exactly correct in Illinois I do agree 100%