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Akst: State’s big story that wasn’t

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The news media largely ignored an important political/economic story in Illinois this week.

Or so it seemed to me, but maybe that’s because I had been watching for the story and expected more.

On Tuesday morning, I saw the story from Reuters. I read it and was disappointed to learn that what I thought would happen ... happened.

I searched several other news websites for their versions, but found nothing. Maybe I looked at the wrong time or didn’t use the right search terms. Anything’s possible.

Here’s the story, why I thought it would garner major play, and my disappointment.

On Monday, labor leaders and state politicians met for a union-led “summit” at an AFL-CIO office in Burr Ridge. The AFL-CIO is one of about two dozen unions that formed the “We Are One Illinois” coalition.

Prominent Republicans and Democrats attended; House Speaker Michael Madigan was notably absent.

Why would a meeting be major news?

It’s well publicized that Illinois’s unfunded pension liability is about $97 billion and grows by an estimated $17 million a day. Our pension crisis – worst in the nation – also caused a late-January credit rating downgrade.

Less well known, however, is public sector anger, voiced by unions, that unions have been shut out of negotiations (disclosure: I’m a member of the University Professionals of Illinois).

Thus, unions have been howling that they and policymakers should convene a summit to work things out. I thought that if the summit ever happened, it would be a big deal.

I was wrong.

The summit lasted three hours. I think “epic fail” would be a reasonable characterization of its outcome.

Reuters said the meeting ended “without any deals or significant breakthroughs,” and further, that there was no “statement of consensus or a commitment to meet again.”

Democrat Daniel Biss, who cosponsored the latest failed legislation in the just concluded, failed session of the Legislature, attended Monday’s meeting.

“I’m glad that everyone was in the same room,” Biss said, “but at some point, you have to stop talking about talking and start crafting a solution. That didn’t happen.” He added that it’s “not even clear whose court the ball is in.”

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