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.
Does she know anything other than soccer?
That is all I ever got out of her political ads.
Flash forward into the future.
“You can PUT ANYTHING IN THE STATE CONSTITUTION you want,” she DIDN’T SAY. “If the revenues don’t come in the way you’d like them to, then there’s not enough money to go around for all of the priorities that are represented by that budget. So, at the end of the day, we’ll have to see month-to-month what our revenues look like. It’s so completely up in the air.”
Maybe, just maybe, if IL didn’t have the greed and corruption in place that controlled its horrible financial decisions for so many years, it would’ve made sound decisions such that its finances wouldn’t be “so completely up in the air” today. Unfortunately, the horror show continues. “Watch out now, take care, beware of greedy leaders.”
The text quoted on the main page is exactly what all the people out of work, courtesy of Jumbo Belly are dealing with. Welcome to the real world.
I’ve said this before. When this woman talks, it’s worse than nails on a chalkboard for me.
“You can pass whatever budget you want” – LOL, did she ever tell Rauner that? Freakin world came to an end when we had no budget yet we just passed a budget with a few billion lumped under “maybe revenue”. What a crock.
Susana Mendoza is doing a good job! I’m proud of her! ??
Pritzker needlessly extended his lock down after giving himself emergency powers forever – there is your economic menace.
Why doesn’t she just ask Ed Burke for the money?
Wow, she’s hard to take, she never misses a blame game beat–first its all rauners fault, now its Mitch McConnell and the supposed tax theft red states like Kentucky. Overspendings never an issue as afscme pay raises kick in today (avg $1,300) while other states are slashing costs, even California & NY. Are her demands for no strings attached fed grants any different than what her pal harmon begged for in his famous letter to pelosi a month ago? https://www.illinoispolicy.org/illinois-state-workers-receive-1300-pay-raises-july-1/
Pretty good articale pointing out the holes in the dem–donor states vrs taker states arguement that desperate ill dems (like Mendoza) continually bring up as justification for no restrictions/ no questions asked fed bailout grants. https://www.city-journal.org/battle-for-federal-aid-to-states-and-cities