-- Connecting the dots between our economy, government and business --
“Listen, I love this party because sometimes we air our dirty laundry with one another and it gets into the press of these fine people,” the new Illinois Republican chair added, referring to reporters in the room. “But we need to say, ‘You know, let's give that person the benefit of a new fresh day.’ And that's how we will win elections here in Illinois.”
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.
SIGN UP HERE FOR OUR FREE WIREPOINTS DAILY NEWSLETTER
I give her credit for taking the job. Gives us some hope.
May God bless Mrs. Salvi in her new role, and may she help get the IL GOP back on track!