Thursday, September 20, 2012
Tryon: "In A Hole? Stop Digging"
Tryon's short take on both-- not very much. "When you find yourself in a hole, you should stop digging. We haven't even seen that," said Tryon, referring to Illinois' unfunded public pensions problem now standing at about $83 billion dollars.
Tryon said a House Speaker Mike Madigan plan last month to offload some of the new pension obligations to local school districts didn't fly because there was no preparation for it. "You can't take a pension bill and file it at 8 am and expect to vote on it the next morning," he said. "That's what Madigan did."
Tryon laid a lot of the pension impasse at the foot of undue optimism. "I really think Madigan and the Governor thought the economy would turn around. It didn't happen."
Tryon said the Legislature's veto session in Late November might hold out slim hope for substantive action, though. "There's going to be a lot of people there in the seats who didn't run or got beat," said Tryon who beieved they won't care much anymore about party discipline. "Anything can happen," he said, "when you get a lame duck."