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Democrats are completely back in charge in Springfield, and when push comes to shove, and at some point it always does, they’re going to do things their way.
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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because they’re all useless a**holes
I don’t know who all will end up crying but I suspect it will be all of Illinois citizens except multi- billionaire Pritzker and his little band of get rich quick insider special interest opportunists now totally controlling public revenue taxation and spending who are leading Illinois into the most certain path of total economic and moral destruction. I suspect that is why “recreational” marijuana and expansion of gambling is at the top of their list. Keep the voters and their brains high on pot and they won’t realize what is happening to them and the assured unhappy future of… Read more »