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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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The headline should be “Two Extreme Leftist Governors That Destroyed Their States”. Gruesome Newsom should be run out on a rail for focusing on everything but what’s important. His loyal leftist elites in Hollyweird watched their entire neighborhood burn because he’s an idiot. As for Pritzker, he accelerated the decline of Illinois to warp speed. Hopefully Trump makes his life a living hell.
I live in Illinois and continue to suffer the consequences of our screwed up electorate. Despite the hardships, I hope Pritzker and the other leftists politicians continue to increase their radical left diatribes. At some point people will need to wake up, if for no other reason, the State will become a wasteland and be unable to provide for its citizens (but they will provide for the illegals). That should piss off a lot of people – “hey, they’re getting mine”. The Democrats are flippin’ idiots!
I disagree with the accelerationist attitude of burning Illinois down. The people of Illinois are never going to wake up. They will burn the state to the ground and rule over the ruins with an iron fist. What political entity – other than possibly NYC during the 80’s (only after being taken over by the Federal Government) ever came to its senses? There’s none. They just burn to the ground metaphorically and everything becomes East St. Louis or Ford Heights. Remember, Trump only won by a couple of million votes and that’s only because there were several million fewer fraudulent… Read more »
“everything becomes East St. Louis or Ford Heights” Then all pensions will also go bankrupt as there will be no way to fund them. That isn’t a realistic situation. No one cares about a few slums, but people won’t let the entire state get that way. State bankruptcy allowance will be forced at some point. Math always wins, and math would win long before the entire state could become a slum. Not realistic.
You’re missing the point of my post: I said I was against burning it all down. But that aside, the state is already halfway to becoming a slum. Pension obligations makes thing worse as scarce resources are spent to pay retirees rather than on necessary infrastructure maintenance. As you said, math always wins, and when infrastructure upgrades are delayed to pay pension obligations, then everything turns into a slum. Especially when our newest residents seem to be poor immigrants living off the state’s dole and contribute little taxes to the coffers. And we’re already halfway there. A short drive around… Read more »
Much of the USA looks like a slum Debtsor, but a state won’t be allowed to become East St. Louis. That is just dumb. No one would live here anymore and the pensions would have failed long ago. The USA is in worse shape than Illinois. In the end your doomsday scenario doesn’t work because Illinois is too big to fail and the pensions will be allowed to fail to save the state. The pensions will be cut.
Taxpayers diverge on how to handle Pritzker and Newsome.
At the age of 77 I moved our of my lifelong home in Illinois. I still care about Illinois and have many friends living there and am sad to see how poorly the state is doing. But the comments below are correct, until the voters decide that they deserve better government, Illinois will continue the decline. Loss of citizens, business and civility in the community. Let’s not pretend this is anything other than the globalist elites trying to destroy civilization. And foolish people are all in and getting paid. That may dry up under the new administration and it will… Read more »
Pritzker says that he supports removal of criminal migrants, but continues with Sanctuary State status and not notifying ICE when such migrants are in custody. Pritzker and his uppity partner Brandon Johnson are both FOS.
The Hill newspaper needs to do it’s homework! It’s not ILLINOIS backing Pritzker but CHICAGO! If it weren’t for Chicago, Illinois would be more “purple”.
Absolutely
Here is an interactive map on the 2024 election. I think it would be closer to red than purple if you exclude Cook county. The collar counties were much closer with some with close races but still blue. Look at Winnebago county which was very close to a Trump win considering Rockford votes Democratic.
https://www.politico.com/2024-election/results/illinois/
These two are cut from the same mold, complete failures of leadership and it shows in their failed states. The bobbleheads that vote for them are to blame. The lack of common sense and mental illness people have in blue states is astounding
Laurel & Hardy.
With the overwhelming majority of ALL Americans in ALL states support removing Illegal Aliens and closing the border, it’s a bad plan to continue to support Illegals in your state or anywhere if you have presidential ambitions. Newsom and Pritzker are hopeless losers in 2028 even if they can fund their own campaign because it’s unlikely they could be elected in there own states anymore.
Both would benefit well if State Bankruptcy was allowed, not a good backdrop for a Presidential run.