Editorial: No congressional bailout for Illinois – Chicago Tribune

"Any money flowing to Illinois should come with strings attached to ensure federal money is reserved strictly for the purpose of addressing virus-related losses...Demand transparency for every dime spent. Don’t let federal aid for a global health pandemic expand into a rescue effort of Illinois for its decades of reckless state government spending."
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UnclePugsly
5 years ago

Another good editorial. Illinois cannot manage it’s irresponsible self.

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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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