Our pension hole is already impossibly deep, but it deepens every day thanks, in part, to shameless dishonesty spread by public unions.
“Lawmakers clearly did not pay attention to what is working across the country.”
SmartAsset recently looked at population shifts for those younger than 35 with adjusted gross incomes of at least $100,000, and found Illinois was losing these successful young adults at a faster pace than every other state except New York. The referenced survey is linked here.
“The common man will be spending more on the fuel cost,” he said. “There won’t be any money left for them to reward themselves to buy a drink or candy or a snack item.”
Comment: How ’bout that — we agree with Ms. Klickna! She was long the president of the Illinois Teachers Association, and we’ve criticized her for many reasons for years. But she’s stating here what we’ve also long told you — that claims about pension “full funding” are a lie.
More on the recent authorization for more pension spiking.
Lightfoot said Friday she’s willing to tackle Chicago’s “mounting, looming, all-consuming” pension debt once and for all, even if it means risking her political future. In a rousing speech at the Civic Federation’s annual civic awards luncheon, Lightfoot made it clear that Chicago needs help during the Illinois Legislature’s fall veto session to solve the problems that her predecessor left behind.
But the mayor didn’t say whether the help she was seeking would include merging city employee pension funds, a longer road to 90% funding or asking the General Assembly to empower the city to broaden its sales tax
A lengthy new forum collected viewpoints from all sides.
Comment: Meanwhile, the nation’s leading financial paper, the Wall Street Journal, is writing about Illinois’ “inevitable financial collapse.” You decide.
“I want to welcome Lori Lightfoot… I’m sorry Ed Burke couldn’t make it tonight,” cracked Jagger, who is the same age as Burke, 75.
The measure calls for lowering interest rates on outstanding consumer debt from 9 percent to 5 percent. It would also trim 10 years off the time a lender can pursue collection. The legislation would only apply to consumer debt — that is, debt for personal, family or household expenses. It’s also limited to debt under $25,000.
A massive project to replace all of the natural gas pipes that run beneath the city of Chicago could leave hundreds of thousands of Peoples Gas customers paying 10 times what they do now by the time the work is finished in 2040, a new analysis finds.
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