Jim Dey: Labor’s dream: More money for higher pension benefits – Champaign News-Gazette/Yahoo News

Jim Dey: "What’s a state like Illinois to do about its crushing public pension debt of nearly $144 billion? One option under consideration might surprise taxpayers. H.B. 5909, legislation being pushed by the state’s most potent lobby group — organized labor — would increase benefits and consequent costs to taxpayers by nearly $30 billion by 2045."
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Leaving Soon, just not soon enough
1 year ago

Public Sector Unions have no shame.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.

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