Edgar: Budget is “In Far Worse Shape” Than In His Time – NPR (SIU)

Jim Edgar shepherded the state through another budget crisis in the 1990s. But he says this one is much bigger - and will force lawmakers to choose between things like education, heathcare, and public safety. "Nobody's going to want to cut those, but if you don't cut those, you can't really begin to make up this deficit with out a tax increase - and a pretty good tax increase."

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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