-- Connecting the dots between our economy, government and business --
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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Pritzker is more than just a partisan buffoon now – His stupidity is now doing DEEP damage to the state. Get Pritzker the heck out of the way.
Who cares what Illinois Republicans think?
They have no elected state wide executive.
The press ignores them.
They have no recognized leader or spokesperson.
They have no state wide message.
They did not rally around the Republican governor and a Republican presidents agenda.
How about a coherent 10 point Contract with the voters.
That they can explain the future of not changing and compare it to a future they envision.
Educate the voters on the consequences of past choices and propose hard choices to be made and implemented.
Illinois is a “Vote Blue No Matter Who” state. And we have witnessed the results. There is a small Republican resistance that was gerrymandered into irrelevancy. Most Democrats I know (and I know a lot, living in NE Illinois) would never, ever, under any circumstance whatsoever, vote for an IL Republican. Never gonna happen, no way. Doesn’t matter if he or she took the most progressive positions, even further to the left than the loonbags, but called him or herself a Republican, it would go against their vote core identity to check that R box on the ballot.
I think that the more appropriate question is: Who cares what Illinois Democrats think?
Certainly not anybody outside of Illinois. Just look at the response that they got to their pathetic bailout demand. The rest of the country is just laughing at them.