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Quigley, poised to become what is nicknamed a “Cardinal” on the Appropriations Committee, told me on Thursday that with his new power, “I can help dramatically bring resources back to the region, into the state.”
Schakowsky is in line for three influential spots: chair of an Energy and Commerce subcommittee; chief Deputy Whip; and as a member of the Democrats’ Steering and Policy Committee, which controls crucial committee assignments and shapes policy and message.
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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