-- Connecting the dots between our economy, government and business --
House Minority Leader Tony McCombie is calling out Illinois Democrats for not repaying a state debt sooner.
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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These Republicans are truly irrelevant at this point. They do not know how to WIN. They have stood for nothing.
WHERE IS YOUR PLAN TO HARVEST MY BALLOT FOR 2024?
LITERALLY NOTHING ELSE MATTERS. I DON’T WANT TO HEAR PARTISAN PLATITUDES. HOW WILL YOU HARVEST 3.4 MILLION BALLOTS BEFORE NOVEMBER 2024?
JB & spin mister–Little Suzie M are touting loan repayment as saving $22 mil but final plan hasn’t been released to public? While McCombie states if loan was payed off long ago state would have saved $144 mil? While the reality is, the loan is only being paid back now after election because all hope of fed loan forgiveness is 100% DEAD.