-By Warner Todd Huston
My friend Lennie Jarratt was featured on Fox News Chicago last night. The subject was the $85 billion dollar deficit that the Illinois finds its public employee pensions confronted with. Fox News reports that every Illinois citizen would have to fork over $6,600 to instantly solve the problem. And what has caused this problem? Unions.
Lennie has some great lines in this piece and he’s right on. He is right that education in America has become “legalized theft.” Here are some of his main points:
- Getting a public sector job is like hitting the lottery
- The way schools levy is legal theft
- We have the highest property taxes in the Midwest
- Nearly all of the top 50 public sector pensions in IL are educators
- Killing jobs and forcing people to leave the state further cutting state revenue
- Within 4-6 years most public sector retirees are making more than when working
Illinois isn’t the only state in this union-made morass. Nearly every state in the union is in this mess.
Continue reading “
Fox News Chicago Digging Deeper on Illinois Pension Mess”
GOP Party Chairman Pat Brady was elected to a full term as chairman at the State Central Committee meeting this weekend.
Until Governor Quinn and Ruling Majorities in the House and Senate reduce Medicaid eligibility to the national average, dramatically reform and fund public employee pensions for future and current employees, secure spending flexibility on billions of federal so-called stimulus dollars, and conduct a hard scrubbing for efficiency of every agency and program in state government, Illinois will continue the budget “death spiral” that is causing employers to evacuate with their jobs, senior citizens with assets to relocate to other states, and bond rating companies to double-downgrade the financial prospects of 12.9 million Illinoisans.
I expect that this will happen sooner rather than later, but it looks like very few people want to leave the Illinois primary at the ridiculously early February date. It seems fairly obvious that
(Lake Zurich, Ill)– Yesterday, Melissa Bean voted down a bi-partisan effort that would have forced members of the House to cast their vote for or against Obamacare in the light of day. In so doing, Melissa Bean, who voted for an even more expansive government takeover of health care last year, has endorsed the so-called “deem-and-pass” sleight-of-hand House Speaker Nancy Pelosi appears intent on employing to get Obamacare passed on Sunday. Twenty-eight Congressional Democrats joined every Congressional Republican in voting against allowing the use of this procedural gimmick.
Pat “the accidental governor” Quinn 