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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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I fisked it. “WEAKSAUCE: Low-T Jimmy Durkin’s Democrat wife pens whiney missive to Chicago Tribune touting his failed leadership”
https://www.gunssavelife.com/weaksauce-low-t-jimmy-durkins-democrat-wife-pens-whiney-missive-to-chicago-tribune-touting-his-failed-leadership/
Bottom line: Low-T should caucus with the Dems.
This link is a great article that sums up IL nicely. The problem is that dinosaurs like Durkinin today’s political world are really just moderate Democrat circa 2008. And Moderate Democrats don’t win elections anymore, not in IL, not in any blue state. It doesn’t matter if they run as either as Democrats or Republicans. His AWFL wife is clearly embarrassed and ashamed of her husband’s political affiliation. She tries to tidy it up by claiming he’s not one of the ‘bad’ Republicans. IL Republicans going forward have a generation long battle ahead of them. This isn’t just about one… Read more »
With the state of the GOP in IL, I am surprised that a Republican would want to be an elected to the IL statehouse, even in a heavily Republican district. The Dems have a supermajority in both chambers and you become irrelevant and powerless. The GOP leaders in the House and Senate are relative nobodies that no Dem listens to.. All the GOP should move out of IL, leave it to the Dems, and go to a state where you can be relevant. (And pay a whole lot less in taxes).