* OK, well, that’s pretty much the only way to read Republican gubernatorial candidate Bruce Rauner’s latest press release.
First, though, this is what Gov. Pat Quinn actually said yesterday…
Illinois’ five pension systems are a combined $96.7 billion short of what’s needed to cover promised retirement benefits to current and former workers. Over the years, the state either shorted or skipped pension payments.
Quinn said that proposal should include a guarantee that Illinois will meet its annual required contribution.
“The state can never ever again not pay what it should pay every year to the pension account. That’s why we’re in this situation,” he told reporters in Chicago.
* Rauner’s press release…
Rauner Statement on Quinn “Pension Guarantee”
Chicago, IL – Yesterday, Governor Pat Quinn announced his support for a guarantee of pension payments to be added to the overall pension reform bills. Bruce Rauner released the following statement:
“After years of continued mismanagement, Governor Quinn continues to reveal his true colors: a lackey to the government union bosses.
“Governor Quinn’s giveaway to government unions will only make our pension crisis worse. Because of years of bad deals and poor decisions in Springfield, we have $100 billion in unfunded pension liabilities.
“It’s clear that career politicians in Springfield don’t have the backbone to stand up to the union bosses they depend on for re-election and are willing to sacrifice Illinois taxpayers for their own political needs.”
Guaranteeing that the state make its required payments to the pension systems by allowing people to sue if the state doesn’t hold up its end of the bargain is a “giveaway to government unions”? Are you freaking kidding me? After decades of the state not paying into the systems, now Rauner thinks that it’s a bad idea to fulfill the state’s responsibilities? And skipping payments will somehow lower the unfunded liability? Is he stupid?
Did he maybe think Quinn was talking about guaranteed payments to retirees? And if he did, what does that say about him?
What is Rauner really up to here?