A statewide concern: Illinois’ population decline outpaces neighboring states – Wirepoints on ABC20 Champaign
“We are not in good shape” Wirepoints’ Ted Dabrowski told ABC 20 Champaign during a segment on Illinois’ latest population losses. Illinois was one of just three states to shrink in the 2010-2020 period and has lost another 300,000 people since then. Ted says things need to change. “It’s too expensive to live here, there aren’t enough good jobs and nobody trusts the government anymore. There’s just other places to go where you can be more satisfied.”
Move everyone to Social Security
Here’s my solution:
https://drive.google.com/file/d/0B90sU3A85q46OE9BZHJFSWEzbGM/view?usp=drivesdk
Thoughts?
At this point all public employees should know that it’s their problem, too. Pensions are not unbreakable promises, even at the state level. Inform yourselves about how the employees of Loyalton, CA, and the “LA Works” agency lost half of their CalPERS pensions. There’s no such thing as shared risk anymore on pension planet. States and cities cannot print more money. Anyway they tried that in Zimbabwe and it didn’t work.
Danville, Waukegan, Normal, Palatine, Hoffman Estates, Lake Zurich, Elgin, Peoria, Normal are just a few of many I’ve seen reported in the last two days. The list goes on from communities large and small in Illinois, all scraping for more revenue. Sorry to you readers who sent others we haven’t printed. If we linked to all of them, our homepage would be overwhelmed with the same story…It’s already beyond crisis. Illinois already has the highest property tax rates in the nation. Further increases will accelerate the death spiral. OK, here goes: 1) Freeze ALL wages, every penny, for every public… Read more »
Add a requirement that rates of return on investments be at the 200+ year average – 4.77%.