Rally Held at Northern Illinois University to Support a State Budget – MyStateLine

Comment: The misunderstanding reflected here, which is epidemic, is that passing “a budget” means the painful cuts will be restored. They won’t be. We’re running a $6.2 billion annualized excess of expenses over revenue, even with the cuts in place, and excluding the massive pension underfunding. “Compromise” to get a budget won’t help much and nobody wants a tax increase big enough to cover it all.

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New Study Details Illinois Pension Excess at the Top, Hardship Below – WP Original

  By: Mark Glennon*   Public union leaders forever pound their chests about wealth inequality and how our pension system protects the middle class. In fact, Illinois public pensions may be the worst tale of two cities. The gluttony bankrupting us is at the top, which includes union leadership, but it’s very a very different story for the rest.   A great new research piece on Teacherspensions.org, a project of Bellweather Education Partners, looks at it for Illinois teachers. Remember from earlier stories that the average member of the state’s teacher retirement system retiring now after working 33 years for

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Editorial: Hey, Governor, it ain’t workin’ – Chicago Sun-Times

Comment: “The only road forward is through compromise,” the article says. Compromise will will speed the spiral down. The opposite it true. The list of radical reforms needed immediately must be expanded — bankruptcy for many municpalities, pay cuts, layoffs, slashed pension payments. The crisis is now spinning out of control and a state of emergency should be recognized by all.

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