A financial advisor tries to explain what it means to “have no money” to Walter Matthau’s character in A New Leaf linked here.
Should be required viewing in Illinois.
Home Illinois Fiscal and Pension Crisis The money is gone — a timeless movie clip for IL legislators...
The money is gone — a timeless movie clip for IL legislators and public union bosses
Wirepoints Original Stories
Illinois’ COVID-19 data: Daily update for September 24, 2020 – Wirepoints
Daily COVID-19 data update for September 24, 2020.
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Commentary by Wirepoints’ Ted Dabrowski: A solution for Illinois’ state retirement crisis – Chicago Tribune*
What Illinois needs is a road map to reform that’s readily available when the state’s finances finally break down. At Wirepoints, we’ve laid out a path for fixing Illinois’ biggest problem: pensions.
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Gov. Pritzker’s Office Responds To Wirepoints’ Pension Report – Wirepoints
No substantive response, just name calling and labeling.
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“Illinois’ numbers are so overwhelming. There’s no way that people in states that managed their affairs properly are going to pay to bail out Illinois and Chicago.” – Mark on with AM 560’s Dan Proft
Mark was on with with Dan Proft and Amy Jacobson discussing Wirepoints' new report on the need for comprehensive pension reform, the push for a progressive tax and the potential for a federal bailout for irresponsible states like Illinois.
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Wirepoints’ reform plan can solve Illinois’ retirement crisis – Wirepoints Press Release
Wirepoints’ plan immediately cuts the state’s official unfunded pension and retiree health liabilities by over $70 billion, dropping debts to $120 billion from $192 billion. That reduction saves the state an average of $5 billion a year in retirement costs and reduces retirement costs as a share of the state’s budget to 17 percent from 26 percent.
Sure fits.