Is Rauner the Trib’s Hurricane Katrina?
Kristen McQueary, the Tribune editorialist who recently wished she
could conjure another Hurricane Katrina to solve the public school crisis in
Chicago, has now selectively chosen her unique version of the history of
pension debt in Illinois to denounce Madigan’s and the Democratic Party’s resistance
to Rauner’s Turnaround Agenda.
"How Illinois Democrats hoodwinked the middle class." (10/23/15)
According to McQueary, it was and continues to be all things Democratic Party that pushed the people of Illinois into this over-$100 billion unfunded liability in pension debt.
“Remember the next time Democrats in this state claim to be
the party protecting the middle class.
They’re not telling the truth.”
(Sic - dependent clause)
The Democratic Party did this?
Sorry, Kristin, but we all are to blame for this one, which
is why the Illinois Supreme Court in a unanimous decision warned that we are
and will continue to be on the hook for what we’ve done – Republican and
Democrat.
Even if it comes to selling assets like the Thompson Center, which would be appropriate (see below).
Even if it comes to selling assets like the Thompson Center, which would be appropriate (see below).
As Eric Madiar, recent Chief Legal Counsel for the Illinois
Senate, reminds us, we are all to blame: “According to a report from the
General Assembly study of 2009, we have a state fiscal system that is so poorly
designed that it failed to generate sufficient revenue growth both to maintain
service levels from one year to the next and to cover the state’s actuarially
required contributions.”
Mr. Madiar’s perception includes both sides of the aisle,
unlike McQueary’s. And his legal acumen reminds us all that not much has changed over nearly 35 years. What was a 40% unfunded liability in 1970 is
now 42%.
And, while McQueary criticizes that the Democrats were
responsible for reneging on the maligned
“ramp” written into law by Republican Governor Jim Edgar, she conveniently forgets
Republican Governor Jim Thompson’s earlier decision to reduce payments to the
annual pension costs to only 60% during his incumbency; using the savings to
build roads and provide services for which he later applauded himself as a
politician who never raised taxes.
IN TRUTH, Thompson's mishandling of the pension payments nearly doubled the debt and generated the need for Edgar's "ramp."
Nevertheless, we all drove to work on roads paid for by public employees' future money. And public transportation. And services.
No, we all – Republican and Democrat – are culpable for the Everest of debt we owe to those we promised to pay, even though you give momentary kudos to Madigan: “To his credit, Madigan finally got serious about pension reform and in 2013 passed a bill that would have stabilized the system.”
No, we all – Republican and Democrat – are culpable for the Everest of debt we owe to those we promised to pay, even though you give momentary kudos to Madigan: “To his credit, Madigan finally got serious about pension reform and in 2013 passed a bill that would have stabilized the system.”
“The courts struck it down though.”
Actually, in case you haven’t read the unanimous
Supreme Court decision, the court did more than strike it down. The Justices clearly reprimanded the General Assembly
– Republican and Democrat – for considering avoiding a contractual obligation by
making the injured party pay for it.
And McQueary tosses in the silly argument that “Democrat-controlled
state government in 2006 also allowed union lobbyists to join the pension
system. Be a substitute teacher for one
day, and boom! You, too, can join the Teachers Retirement System…”
Really? We all agree that this kind of less-than-artful
dodge is not fiscally palatable, but a partisan reason for our total fiscal
mess? Aren’t we reaching here?
After that, McQeary goes after promises not kept to the
Middle Class in Illinois – progressive taxation, minimum wage issues, property
tax issues.
How about clean air?
Global warming?
Eric Madiar warns us that the biggest contributor to the $97
billion owed to the state retirement funds are the various Illinois governments
that did not contribute enough.
Various? That’s all of us – regardless of political
affiliation.
McQueary’s visible theme: do not trust the Democrats who argue that Rauner threatens the
middle class with his battle against collective bargaining. Although the current budget impasse will continue to be painful, it is a necessary palliative to making the state work well.
McQueary’s underlying theme (leitmotif): We
need a political Hurricane Katrina (Rauner) to make everything all better.
I'm afraid we all bear the responsibility now: for the past errors and our current situation.
I'm afraid we all bear the responsibility now: for the past errors and our current situation.
Don’t you love the Tribune?
Thanks, Bruce.
If there ever was an empty headed blonde bimbo, she's it!!!!!!
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