-- Connecting the dots between our economy, government and business --
U.S. Sens. Dick Durbin and Tammy Duckworth sent a letter to the White House requesting a federal disaster declaration for five Illinois counties. “Governor Pritzker has indicated that this incident is of such severity and magnitude that effective response and recovery is beyond the combined capability of the state and local governments,” the letter said.
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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Dick and Duck have a combined IQ of about 50. Both useless, both think they are super stars. Elected for the sole reason they have “D” in back of their name and Cook/County/Chicago voters only vote “D” so they carry the state. Durbin’s sole accomplishment is collecting a government pay check for 40 years.
Tornadoes were almost a week ago. Our senators don’t care about red areas of the state.