Top Illinois Dem Wants to Fight Pension Hikes
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  • Jacksonian Libertarian

    “And it should remind us: the blue model isn’t dying because evil, life-hating Republicans are killing it. It is dying because the costs associated with it cannot be paid with the income it produces.”

    And because Democrats are economic morons, whose fiscal management is bankrupting every state they have control of, despite the lame “day late and dollar short” policies a few are only now attempting to implement. Why this blog plays the apologist, and refuses to roundly criticize Democrats as they so justly deserve, for their fiscal incompetence, and lame attempts to prevent the coming fiscal disasters, is beyond this commenter’s understanding. It is time to Fire the Democrats and send them into the wilderness for a generation where their stupidity can no longer destroy our economic future.

  • Kibble?!! We demand Snappy Tom!

    Seriously, my CREF pension rises and falls with the market. If the DOW goes to 400, then it will be kibble time, but fair enough. I think states will go two ways: modify benefits to ensure they don’t go broke or stay in denial until they crash. Because the states can’t print money like the Federales, I think the next generation of national leadership will come from the state politicians who successfully deal with this crisis. Good to see Democrats and Republicans getting serious at the state level. It can be done by confrontation like Scott Walker or by softer negotiation like Cuomo and Brown. Or somewhere in the middle like Chris Christie. May the best man or woman win – regardless of party.

  • Randy

    Speaking as a longtime chumbolone and resident of the People’s Republic of Madiganistan (aka Illinois), I would urge Dr. M to also note that the (dis)honorable Mr. Madigan has been capo of the Illinois house for all but two years going back to 1983 (not to mention being member of the legislature for 42 years), and that therefore he possibly, just possibly, bears a tiny bit of the blame for this shocking pension shortfall. Interested readers might also be curious about Madigan’s property tax appeal firm.

  • Percy Dovetonsils

    Not mention that Madigan’s daughter is the state Attorney General. Yes, the man has connections, you bet.

    Madigan has been the most powerful politician in this state for years (at least since Jim Edgar was governor), and his fingerprints are all over this fiscal disaster.

    • Walter Russell Mead

      @Percy Dovetonsils: Which makes it all the more interesting that he now feels the need to trim his sails. Even the prime movers of blue at the state level are starting to realize that they don’t have the money to keep on in this way.

  • Robert Day

    I have read your article with disgust. I am a correctional officer of 16 years. I am one of many who are forced to pay into the state’s pension system with the promise of receiving a pension at a certain age. When a legislative body and lobby groups collaborate on dipping into our savings to pay the piper, this is criminal to say the least. We, the correctional officers, are prepared to file criminal charges on whoever is responsible for this “ponzi scheme.” I highly suggest that if the legislature wishes to pay more into entitlement programs, the body should dip into their OWN retirement bank to satisfied themselves. The people of Illinois and the legislative body has put enough on our backs for their ideological wrongdoings.

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