The Illinois political class ignores financial reality – Wirepoints joins Terry Martin on The Illinois Channel

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Being Had
4 years ago

It’s about time the media focus on the fact that progressives have to cover-up their recklessness in areas where they don’t dominate.  Mostly due to their high numbers in Chicago and Cook County, progressives can say or do whatever they want in Illinois.  Problems don’t get resolved in Illinois because of this; nothing improves.

Great interview.

Realist
4 years ago

I think we are still a long way from Illinois residents recognizing the financial issues of the state. In a conversation with someone I recently met at a neighbors party, the person said that he was looking to move out of Illinois because the taxes were so high. I mentioned the issue of outsized public sector pensions as a major reason for the high taxes. His response was that public employees deserve those pensions; it is the only place where someone can get a nice pension.
He didnt see (or chose to ignore) the connection.

The Paraclete
4 years ago

This was excellent, very informative. Ted, why not run for governor? No need to pay me.

Roger Konarski
4 years ago
Reply to  The Paraclete

Ted for Governor – Connie Par for Lt. Governor!

Aaron
4 years ago
Reply to  The Paraclete

He can’t beat Bailey

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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