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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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PM is correct.
Why would Rauner step aside for Ives? She offered a choice. Rauner did his job by staying in, ensuring that nothing would change and voters would not have a choice.
Rauner never meant the best for this state. He won’t live here. He’ll be long gone.
If that’s the case, he should have stepped aside for Jeannie Ives.
Yes! It doesn’t make a lot of sense. He could have gone out gracefully and “taken one for the team.” I believe Rauner has always meant the best for the state, but this was not thought out very well. There must have been behind-the-scenes “irreconcilable differences” with him and Ives for him not to, so who knows what happened.
I believe Rauner has always meant the best for the state You have to be kidding. Rauner is a hard core libral Democrat who was put in to destroy the IL GOP. Ask yourself why he made this confession? Answer: it totally demoralizes and destroys the republican base o ffoot soldier (Precinct Committeemen, State Central Committee) insuring Illinois is deep blue for generations to come. With this confession Rauner eviscerated the party apparatus and likely eliminated the 4 people that the party establishment viewed as likely future candidates such as Karen McConnaughay. If there is to be a IL Op… Read more »