SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
*** UPDATED x1 *** Rauner team puts on full-court press against pension bill

Friday, Nov 29, 2013

[Before reading this, you might want to take a look at the new pension reform outline post.]

* You’ll recall that Republican gubernatorial candidate Bruce Rauner had this to say the other day about the pension reform agreement reached by all four legislative leaders

Unfortunately, the Springfield insiders have kept Illinoisans in the dark about the details of this bill. We’ve seen politicians do this before and it is rarely a good sign for taxpayers.

Any deal that would rank pension payouts to government union bosses ahead of priorities like education and public safety should cause grave concern and will lead to higher taxes.

* Rauner’s good friend Ken Griffin, who is the richest man in Illinois and has contributed more than $250,000 to Rauner’s campaign, followed up with an op-ed in the Tribune which expounds on Rauner’s talking points

Now our political leaders say they have made a breakthrough. In closed door meetings, hidden from public view, they have drafted legislation that’s intended to show they can get something done. But in this case, getting nothing done would be preferable to the passage of legislation that all but ensures the economic demise of our great state.

The proposed legislation provides for modest reforms of our broken pension system coupled with guarantees that payments to government employee pensions will come before paying for schools, hospitals, parks, police or fire protection. This isn’t a reform, but rather a fiscal death sentence: The state would be stuck with pension funding requirements that squeeze out all other priorities and tie the hands of future leaders.

The bitter truth is that our politicians have sold government employees a fraudulent bill of goods. Absent extraordinary economic growth, our state is going to collapse under the weight of generous pension promises made by union leaders and politicians. And with each passing day, the $100 billion gap between what has been promised and what is provided for grows by roughly $5 million.

Here is where this story will inevitably end: Our state is going to be forced to break its promises to our government employees and retirees. They will receive less than they bargained for. Our state’s taxpayers will see the 67 percent “temporary” tax increase converted into a permanent tax increase. And soon we will hear that even further tax increases are needed to meet our obligations. This is the price we are all going to pay for sending the wrong leaders to Springfield for too many years.

That op-ed does a good job of explaining what Rauner was really talking about. He opposes the proposal because he hates the funding guarantee, believing it would “rank pension payouts to government union bosses ahead of priorities like education and public safety.”

* And the Illinois Policy Institute, which received a $500,000 contribution from Rauner, piled on for good measure

The bill adds a pension-funding guarantee, prioritizing government worker pensions over all core spending. If pensions weren’t already squeezing out core spending enough already, Madigan’s bill adds a pension-funding guarantee to appease the unions. With Madigan’s minimal reforms, this funding guarantee will lock in further tax increases and increase the burden on taxpayers. A vote for this bill is a vote for tax hikes.

Notice how they refer to this as “Madigan’s” bill, when, in fact, the proposal has been agreed to by all four legislative leaders, including the two Republicans.

Some of the rest of the Policy Institute’s analysis is off base. The bill does impose a means test on cost of living allowance adjustments, for instance.

All that’s missing so far is a full-on attack by Reboot Illinois, which is funded by Ken Griffin’s independently wealthy spouse.

…Adding… From Reboot’s executive editor…

Rich: Sorry to disappoint. No attack here:

http://www.rebootillinois.com/?opinion=9129

* Meanwhile, the Sun-Times editorial board warned Rauner to back off

Madigan on Wednesday said Republican gubernatorial candidate Bruce Rauner has been lobbying Republicans to reject the deal because the “funding guarantee,” the clause that obliges the state to make its annual pension payment, is too strong and could hamstring the state.

Hogwash.

Under the funding guarantee, as we understand it and as it has been drafted in other pension bills, the state retains some flexibility, particularly in the event of a financial crisis. And more importantly, the state has a fiscal and moral responsibility to make these payments — its failure to do so helped create this pension mess. The guarantee also could help the state’s credit rating and could help the bill survive a court challenge.

Given the thinness of the argument against the funding guarantee, we fear this is straight politics. Solving the state’s fiscal mess could undercut Rauner’s chances to win either in March or November by giving his opponents a key victory. We reached out to Rauner on this but didn’t get a return call.

* So far, there’s nothing new from the Tribune editorial board on the substance of the proposal, although it did warn the other day - in an apparent preview of one of Rauner’s two main talking points - that leaders should give legislators and the public an opportunity to see the bill before it’s voted on. The Tribune has editorialized in the past against a funding guarantee, however.

*** UPDATE *** From the Illinois Policy Institute…

“We have to pass the bill so that you can find out what is in it.”

Remember when former Speaker of the U.S. House of Representatives Nancy Pelosi said this about ObamaCare?

Well, the Illinois General Assembly is repeating that horrible mistake, and we need your help today to stop them.

Illinois’ legislative leaders announced a pension “fix” right before Thanksgiving. And lawmakers have been called back to Springfield on Tuesday to vote on the measure.

The only problem? No one has seen the bill.

Legislative leaders released an outline of the plan earlier today. We quickly provided a breakdown of the proposal – based on what we know, it delays reform and keeps Illinois in a constant state of crisis.

It’s likely that a bill will not appear until late Monday. That means legislators will only have a few hours to digest a complicated piece of legislation dealing with the most critical fiscal issue in Illinois before voting on it.

We’ve been down this road before. We know where it leads. We need your help right now to mount a full-scale campaign to make sure that this bill – negotiated in secret, agreed on in secret and being drafted in secret – gets to see some daylight before legislators vote on it.

Please help us today – let’s demand to see the bill!

In liberty,

Jonathan Greenberg
Vice President of External Relations

P.S. Illinois taxpayers and government workers can’t afford pension “glitches.” Lawmakers should refuse to pass a pension bill to find out what is in it. We need your help right now to block a backdoor pension deal.

All of the links lead to a fundraising page which asks people to “Donate today and help us block Madigan’s backdoor pension deal!”

Perhaps not coincidentally, I received a blast e-mail earlier today from an e-mail address which made it appear as though it were sent by Gov. Pat Quinn. The e-mail provided a link to a clever little YouTube video that “thanks” Illinois Republicans for cooperating with Democrats on the pension bill

- Posted by Rich Miller        


No Comments

Be the first to comment.

Sorry, comments for this post are now closed.


* Reader comments closed for the weekend
* *** UPDATED x1 *** The dirty little secrets about Facebook video views
* Life on a ledge
* Question of the day
* Our totally inspiring and uplifting US Senate race
* Trump piles on Chicago, but he may want to ask his running mate about Indiana
* Don't hold your breath
* More ugliness
* Today's number: $105,733
* SUBSCRIBERS ONLY - Supplement to today’s edition, fundraiser list and a campaign roundup
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............
<


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

  
* Sony’s Xperia XZ is up for preorder on Amazon
*
* Try Allo yet? Over 1 million people already have
* LG U+ could team up with US, Chinese, Japanese carriers to build LTE networks globally
* Do not drill a headphone jack into your iPhone 7
* MediaTek launches Helio X30, P20, P25 chipsets
* Android-Chrome merger may be previewed at Pixel event

* 50th big league start is large for stellar Rodon
* Rodon's shutdown start captures road series
* White Sox mourn loss of superstar Fernandez
* Rodon's shutdown start captures road series
* Rays, White Sox set for clash in Windy City
* White Sox mourn loss of superstar Fernandez
* Frazier hits HR, Quintana solid in Sox win

...............


Main Menu
Home
Illinois
YouTube
Pundit rankings
Obama
Subscriber Content
Durbin
Burris
Blagojevich Trial
Advertising
Updated Posts
Polls

Archives
September 2016
August 2016
July 2016
June 2016
May 2016
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
April 2014
March 2014
February 2014
January 2014
December 2013
November 2013
October 2013
September 2013
August 2013
July 2013
June 2013
May 2013
April 2013
March 2013
February 2013
January 2013
December 2012
November 2012
October 2012
September 2012
August 2012
July 2012
June 2012
May 2012
April 2012
March 2012
February 2012
January 2012
December 2011
November 2011
October 2011
September 2011
August 2011
July 2011
June 2011
May 2011
April 2011
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
September 2010
August 2010
July 2010
June 2010
May 2010
April 2010
March 2010
February 2010
January 2010
December 2009
November 2009
October 2009
September 2009
August 2009
July 2009
June 2009
May 2009
April 2009
March 2009
February 2009
January 2009
December 2008
November 2008
October 2008
September 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
April 2005
March 2005
February 2005
January 2005
December 2004
November 2004
October 2004

Blog*Spot Archives
November 2005
October 2005
September 2005
August 2005
July 2005
June 2005
May 2005

Syndication

RSS Feed 2.0
Comments RSS 2.0
WordPress

Loading


* We seek instructions to make political maps, Il.....
* We seek instructions to make political maps, Il.....
* Statehouse Insider: Do you remember where you w.....
* Editorial: Rolling back school suspensions show.....
* Laura Washington: Foxx says Chicago needs “a st.....
* Andy Shaw: Consolidation vote is one government.....
* Rock Valley College racks up $21K in legal fees.....
* The Sunday Spin: Politics with Rick Pearson Ful.....
* Education funding lawsuits may show what's ahea.....


* Former baseball pros open Chatham hitting, training facility
* 9 historic preservation projects to be honored next month
* Man shot near Chicago's Millennium Park after argument
* Police: 5 shot, 1 dead, after fight at Illinois campus party
* Audits fail to mention $280,000 in credit card spending
* Doctors 'prescribe' fresh produce with help from food banks
* US agency says Exxon tries to dodge blame for Arkansas leak
* Parolee charged with killing 2 Chicago men earlier this year
* Police: 5 shot, 1 dead, after fight at Illinois campus party
* EXCHANGE: Deputies in right place to save life of woman

* Planning underway locally for Illinois' 200th birthday
* Attack on state senator leads to arrest of murder suspects
* Illinois Supreme Court overturns law allowing 6-member juries
* Local unemployment of 4.6 percent still lowest in state
* Elderly frozen-treat seller gets $380,000 from GoFundMe page
* Creation of Amish history museum in central Illinois underway
* Privately funded Executive Mansion work will follow traditional wage, bidding rules
* 'Memorandum of agreement' outlines restoration rules for Executive Mansion work
* Gov. Rauner uses Facebook Live to announce bicentennial plans
* Environmental groups push for lead testing of water in schools

* How Presence Health cracked the code on telehealth
* Merz Apothecary at your door within hours
* Where did the bankruptcy wave hit hardest?
* Seven years after selling the Cubs to the Ricketts family, Tribune's tax battle is in extra innings
* Meet the Dems' chief weapon against remap reform: Michael Kasper


* Golf legend Arnold Palmer dies at 87
* Teacher signs strike vote in hospital bed, a day after baby born
* Rookie LB Nick Kwiatkoski gets surprise start; ‘I feel I’m ready’
* Feel like throwing something? Try an ax
* Police: Man groped woman who was jogging in Albany Park
* Rory McIlroy birdies 4th playoff hole to win FedEx Cup
* Jay Cutler among the Bears’ inactive players vs. Cowboys
* Steinberg: Those good-guy-with-a-gun fantasies have a real price
* Editorial: Rolling back school suspensions shows great promise
* Man, 70, seriously hurt in accidental South Chicago shooting


* Windsor school 'tasting menu' a big hit with students
* Week 3: Cowboys 10, Bears 0
* Mayor of Charlotte lifts curfew after days of protests over police shooting
* 2 men arrested, teen detained in California triple slaying
* Notre Dame coach Brian Kelly fires defensive coordinator Brian VanGorder
* Washington mall shooting suspect had string of run-ins with the law in recent years
* 28-year-old scion cut Rolling Stone deal over love of guitars
* Russia responsible for prevailing on Syrian government to honor ceasefire
* Strong camp helps Alexandre Fortin earn 3-year deal with Blackhawks
* Marlins ace Jose Fernandez killed in boating accident


The widget AQL4JYGHIY powered by Feed Informer does not exist.


* Bernard Schoenburg: Interesting twists in Troemper-Reid circuit judge race
* Statehouse Insider: Do you remember where you were during Rauner's Facebook Live session?
* Compass for Kids supports at-risk children
* Innovate Springfield gives boost to new businesses
* Eric Zarnikow: Aid changes mean students should act now
* Planning underway locally for Illinois' 200th birthday
* Attack on state senator leads to arrest of murder suspects
* Illinois Supreme Court overturns law allowing 6-member juries
* Local unemployment of 4.6 percent still lowest in state
* Bernard Schoenburg: Policy institute criticized for secrecy in Madigan project


* Call to Action Rally
* UPDATE: Bystander killed in Campustown shooting
* Vigil set for Tuesday night
* Cooler temperatures in forecast for final week of September
* UPDATE: Bystander killed in on-campus shooting
* U High names homecoming royals
* Police: 5 shot, 1 dead, after fight at Illinois campus party
* Divorces
* Campus Shooting
* Campustown Shooting


* Alzheimer's walk in Busse Woods laden with emotion for family, caregivers
* Chicago Sky squash Atlanta Dream to advance to semifinals
* Mundelein man shot near U of I was to begin nursing job Monday
* Five questions for the opening of Bulls' camp
* Miami Marlins ace Jose Fernandez dies in boating accident

* House lawmakers overcome hurdle on key tra...
* Rodney Davis talks funding with Bloomingto...
* The agency that fought Illiana gets a new ...
* Rep. Dold takes educational cruise down Ch...
* Lawmakers decry high turnover rate of VA h...
* CBD Oil, and politics
* Simon considering state Senate bid
* Killer Congressman Tom MacArthur trying to...
* Shutdown? State may not notice
* Rep. Bob Dold

* Illinois/Wisconsin briefs - Dubuque Telegr......

* Senators Introduce Legislation Aimed at Bo......

* Blues people (an art project).
* The passive voice.
* “If we have learned anything about dealing with politicians is that they will look for any crack to take what is ours.”
* John Dillon on re-districting reform.
* Stop-and-frisk.
* Sunday chowdah.
* Rumdum
* Putting A Fresh Face On The Uptown Theater
* Attempted Hold-Up Of American Metro Bank On Friday
* Carol's Pub Closes (At Least For Now) - One Of Uptown's Last Appalachian-Era Hangouts


* IDOT Hiring in Preparation of Winter Weather - Temporary help needed to assist with snow-and-ice removal, public urged to apply
* Illinois Department of Insurance Reminds ‘Land of Lincoln Health’ Customers to Enroll In New Coverage - The deadline for ‘Land of Lincoln Health’ customers to enroll in a new plan is September 30, 2016; Consumers could experience a gap in health care cove
* Governor Rauner Celebrates Illinois’ Hunting Heritage on National Hunting and Fishing Day
* Governor Signs Executive Order Creating New Illinois Bicentennial Commission
* State of Illinois Announces Online Enrollment Platform for Group Insurance Programs - MyBenefits Marketplace continues Illinois’ digital transformation, improves state employee experience




      Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller