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.
Awesome, less congressional seats and hopefully less democratic representation nationally. We need to lose more so Ohio overtakes IL population wise and get our Congressional seats down to 15 or 16. Illinois must fail!!!
How bad does it have to get? Is Madigan still speaker? Didn’t Fatass just win the governor’s race? Don’t the democrats control government at all levels in Chicago and Springfield? Yes? Then it’s not bad. The democrats and the greed-crazed unions don’t care about the fiscal or economic health of Illinois, all they care about is that they and their buddies are getting rich at the public trough. As long as the democrats and their union masters are getting filthy rich at the public’s expense, things are not bad. That’s how these people think
Whenever I see handringing about the unfunded pension problems of Illinois, large numbers of people moving out of state and perpetual talk of tax increases juxtaposed to the recent removal of Republican and they’re being the only smidgen of hope of turning things around I just have to laugh. It will be like the story of The Lorax – the politicians will suck the state dry and when it becomes unbearable even for them, they’ll move away with all their pension money. In this state, social issues trump economic ones. For all the Dem voters at the lower end of… Read more »
You haven’t seen us cheering the Republican party here. Very, very few of them are worth a damn.
You got that right, Mark. Keep up the great work!