-- 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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If immigration is such a pressing matter, which it is, and Dems control Congress and the White House, which they do, why hasn’t anything been done in the last 20+ months???
Dickie & Duckworth have to go – along with as many Dems as we can send packing. Let Conservatives have a crack at running the country.
We all know darned well we were all better off before Mr. Biden took office.
“why hasn’t anything been done in the last 20+ months???” The Senate filibuster requires 60 senators to sign onto bills to things other than reconciliation which are spending bills. They can try to do other things under reconciliation but often the Senate Parliamentarian can tell them no, this is not a spending bill, it might be separate. They can only use reconciliation twice, and they aren’t going to waste it on immigration. They used reconciliation for their inflation reduction act, and Obama famously used it for Obamacare. I know it’s archaic, and the Dem’s have been screaming bloody murder to… Read more »
Thanks for the explanation, Debstor, but is it “can’t” or is it they don’t have the political will to ‘waste it on immigration.’
Looking at things every which way, the only hope I see is a red wave in November – and a prayer that the Republicans have the political will to restore sanity.
Republicans will have the same problems when they control congress that Democrats have. There won’t be 60 Republican senators, maybe 53 at best, and that’s not enough to overcome the filibuster. So all the bills passed in the house die in the senate. It’s called Gridlock. It’s an unfortunate but necessary part of legislation. Otherwise, D’s controlling congress would pass an amnesty bill, and then four years later, R’s controlling congress would pass a bill revoking amnesty and deporting them. Same for abortion, etc. It would be a major oscillation between one party and the other depending on who has… Read more »
Dick Durbin is an inadequate Senator for Illinois.
Dick and Duck both need to go
Durbin is a worthless hypocrite. The Dems and their mainstream media propaganda machine have lied on a daily basis since Hilary lost. Pick a topic, any topic. The economy, well that’s fantastic! We’re not in a recession, because they redefined what a recession is. How long have we been told how great Ukraine is doing against Russia? From day 1 of that terrible war it was reported that Ukraine was winning and Putin was near death. All lies. Afghanistan withdrawal? More lies. Durbin is simply an awful excuse for a human being. He’s chirping now because he sees that mid… Read more »
Just like Duckworth, Durbin is Useless in supporting Illinois as well as the USA!
They are Not Representatives of Us who pay their employment.