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Pritzker maintained it was Republicans “that are proposing annihilating the working class and the middle class in Illinois because they have no solutions.” The Democrat castigated his predecessor, one-term Republican Gov. Bruce Rauner, for failing to offer ways to fix Illinois' budget imbalance while presiding over eight credit downgrades in his four years.
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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Glad I left. I didn’t know JB was such an inveterate liar. But, I knew after his property tax scam he wasn’t ethical.
Sorry JB, you own it. You campaigned for the job, you got the job. If you can’t fix it, you’re out.
Pretty funny to shift the blame when the most powerful politician in Illinois has been Mike Madigan, a democrat, for decades.
Can Governor Pritzker spell M-i-c-h-a-e-l M-a-d-i-g-a-n?
This is a prime example of Dem smear tactics. They blocked Rauner’s budget for his full term then used that against him in campaign commercial for now Gov. Flintstone. Now they blame again for the stranglehold they maintain over state finances. They stubbornly refuse to make cuts in the bloated state payroll and pork projects handed to done\ors and family.
In what case is a big tax hike NOT coming??!
Higher Taxes and Higher Pensions.
Taxes are going higher and higher for many years to come.
Million dollar pensions at age 45 are paid for by the poor honest hard working taxpayer.
Poor Taxpayer, you keep giving these mid-40s-age stories or maybe rumors of people drawing IL governmental pensions and extremely lavish ones as well. First, I’d like to know which category/categories of IL public employees can actually start drawing a pension at any age less than 50. Even then, you’d find only a few doing so and probably with some degree of reduced benefit because of that reduced-age eligibility. Then, your claim of a lavish pension is really “a hoot” for any such pension, especially with your continuing assertions that they are buying luxury homes and cars while retired in FL.… Read more »
Looks like the capitolfax brigade has shown up. Is the echo chamber over there getting boring since any dissenting comments are deleted? Yeah let’s all lament the public service workers forced to wait until they are in there fifties to get guaranteed generous lifetime pensions paid by a rapidly shrinking private sector.
Please explain why your comment here answers, or is in any way relevant, to the questions I posed. It’s just pointlessly snarky and adds nothing positive In responding to the issue itself.
The idiot posts the same drivel over and over again. Trying to reason with or put facts behind those facts dont matter. You will get down voted. Best thing to do is keep it short, call it an idiot and hit the minus button on everything it posts. It must be drunk or off its meds on a regular basis.
I won’t speak for Poor Taxpayer, but there is no doubt that there are tens to hundreds of thousands of age 50+ retirees who get 100k + pensions and/or far more than they ever were worth. And they would have taken their generally easy jobs for at least 30% less the salary AND pension, which proves the point of how ridiculous the system was and is for some (not Tier 2, which is just another scam to help pay for Tier 1 people).
Okay, fine. But, the issue he was promoting is that there are lots of people in their 40s also doing that. He even said it’s happening for someone at age 42, drawing a”lavish“ IL public employee pension and living a life he finds luxurious. It’s surely true some at that age might have met the minimal work-length requirement for a pension, but I doubt any can actually legally draw a an IL public employee pension until age 50. Even then it’s always (to my knowledge) reduced because of a lower starting age doing so. So, while I have no complaint… Read more »
If Jay Bob was smart, he would have had the legislature vote on it OR issue an executive order on it.
??
It’s like a gag TV show… And JB is bozo….
What a loser.
I am sick and tired of excuses and blame. Where the HELL are our leaders in this State? Disgusting, divisive, and not helpful.
He seems to at least be at the right end of the eagle on his mask anyway. He is eating up all the crap he wants us to eat up. Narcissistic jerkoff.