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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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Not a big fan of many of ives hard right views and realize states and cc attorneys have limited powers, but ives is the only one in gov or press askimg where the heck are kwaume, kimmie, little lisa & alverez as the feds are cracken down on Illinois corruption left and righ. Why is it only the fbi can figjt corruption in ill? https://dupagepolicyjournal.com/stories/512824411-ives-calls-cullerton-indictment-corruption-at-the-highest-level
Excellent questions. Illinois has been making news lately for all the wrong reasons, and I’d wager we’re just seeing the tip of the iceberg.
But I think fergueson–city ig is doing a great job even with his hands tied behind his back
The AG’s office is too prestigious to be bogged down in petty corruption among the pol class. He’s got other things on his plate, other *more important* more prestigious things, things that don’t get his hands dirty, like: ATTORNEY GENERAL RAOUL JOINS LAWSUIT CHALLENGING PRESIDENT TRUMP’S DECLARATION OF NATIONAL EMERGENCY AT THE SOUTHERN BORDER http://www.illinoisattorneygeneral.gov/pressroom/2019_02/20190218.html The state’s attorneys office is too busy freeing felons because they can’t meet cash bail. And the rest of their time is chasing down child support from these same felons in child support court (yes, the SA’s office handles all the state’s child support cases,… Read more »
Also Ives’ ‘hard right’ views were perfectly acceptable just a few short years ago and are held by at least 48% of republican leaning primary voters, possibly more. I voted for Rauner even though I share Ives’ views more. These views are now considered ‘hard right’ only because the ‘hard left’ progressives have entirely rejected the political belief system that existed a few short years ago. They are doing this obviously because Orange Man Bad and because with a field so large, they’re all chasing what they believe are the loudest voices on twitter for primary votes. I mean twitter… Read more »