-- 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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This article is only half-correct. They try to blame special interest groups but that’s only half true. The entire Democrat Party ITSELF is the very interest groups that it represents. The Democrat Party exists as a multi-faceted lobbyist group. It’s this case, the outside special interest groups supporting Empower Illinois and the Big Shoulders Fund were rejected, and the Democrat Party itself – The Teachers Unions, rejected the bill. There is no separation between the Democrat Party and the Teachers Unions. They are one and the same. There’s simply no universe where the the Teachers Unions will support Republicans. This… Read more »
Yeah – FAIR MAPS!
Freedom, decency, honesty and integrity die at the state capitol.
This was and still IS Madigan’s ace in the hole for bills he did not want on the House floor for lawmakers to look at and debate any merits. Nothing has changed even though he is no longer in power (Or is he still?) At one time he allowed 5,000 bills to die in some obscure committee so he basically put them in a shredder. How many of those bills would have helped the average taxpayer?
https://www.illinoispolicy.org/illinois-house-passes-rules-giving-madigan-extraordinary-power-again/
https://www.illinoispolicy.org/illinois-house-backslides-toward-madigan-era-rules/