Day: September 28, 2015

Researchers asked 1,002 Chicagoans about their city’s economy and here’s what they said – Illinois Policy

September 28, 2015 No Comments

A vast majority of residents believe their city’s debt and continued high crime are crushing opportunity: 84 percent agree that “[g]overnment debt is hurting economic growth in the Chicago area,” while 85 percent think “[c]rime is hurting the Chicago economy.” And City Hall’s proposed solution to its debt problem – the largest tax hike in modern Chicago history – isn’t what Chicagoans were looking for. More than 80 percent of respondents to the July survey disagreed with the statement: “Tax rates in the Chicago area are reasonable.”

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A Must-Watch Video for Pension Crisis Followers: Actuaries ‘Enable and Abet’ the Crisis

September 28, 2015 1 Comment

  By: Mark Glennon*   If you have a serious interest in how our public pension crisis arose and continues to grow, invest 40 minutes watching the video linked here. It’s a recent presentation by Jeremy Gold, a nationally prominent independent actuary who has been speaking up boldly about his profession’s failure. His slides are linked here.  “I’m here to tell you a story about how a profession failed to fulfill its duties to the public and thus enabled and abetted the very real crisis in public pension plans,” he starts out.   It’s all there — all the things

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