Mike Madigan was just re-elected to a record sixth term as chairman of the Illinois Democratic Party, a position he has held while also reining as House Speaker. Though his track record has been disastrous for the state, are the current leading voices in the Republican Party effective at offering an alternative? On this edition of Illinois Rising, Pat Hughes and Brian Timpone discuss Madigan's leadership in his party and how one of Bruce Rauner's prominent surrogates is off base attacking conservatives. They also get expert analysis from Truth in Accounting CEO Sheila Weinberg on the pension crises in Harvey, North Chicago and throughout the state of Illinois.
Your job, your pension, or your home. You can’t get all three and some can’t even get one. The pension crisis in Harvey is just the first of several other Illinois towns that are going to get hit with the harsh reality that the math doesn’t work. Ponzi schemes always end and always end badly. Dan and Amy delve into a recent report from the South Cook News that reveals Harvey fire pensioners paid $1.1M into the retirement fund and have so far collected $25M.
Republican lawmakers in Springfield have effectively stopped a progressive tax for this legislative session. But Democrats are likely to keep pushing for it in the future, meaning taxpayer advocates in the General Assembly must remain vigilant in their opposition. On this edition of Illinois Rising, state Rep. David McSweeney – one of the fiercest opponents of a progressive income tax – tells Dan Proft and Joe Kaiser how he and his Republican colleagues plan to oppose new damaging taxes. Proft and Kaiser also discuss the unfortunate situation in Harvey, Illinois – where decades of fiscal recklessness and political corruption are coming home to roost. And they talk about the issues of patronage hires in some McHenry County townships.