Tag Archives: Illinois Public Pensions
As Its Population Drops, Illinois Has Highest Pension Burden in Nation
Since it is the Christmas season, I chose not to title this article “The Dumbest People in America.” But how else do you describe a state that has 25 percent of its budget going to pay government employee pensions and its voters who continue electing the same people who won't do a thing about it?
Posted in Illinois Politics
Tagged Dan McConchie, Illinois Constitution, Illinois Pension Systems, Illinois Population, Illinois Public Pensions, Illinois Taxes, John Klingner, Meaghan Kilroy, Ted Dabrowski
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The Illinois Pension Scam: State Officials (Including Conservatives) Have Known About it for Many Years
Government employee compensation expert Bill Zettler, has had some great lines over the years. “Economics always wins,” is among his best. Despite the wishes and dreams of people on both the political left and political right, the day of accounting always comes. We are at that day right now as taxpayers face hundreds of billions of dollars in unfunded pension liability...
Posted in Illinois Politics
Tagged Bill Zettler, Book: Illinois Pension Scam, Bruce Rauner, Illinois Policy Institute, Illinois Public Pensions, illinois republicans, Taxpayers United of America
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Big Illinois Government’s Insatiable and Impossible Demands from Taxpayers
It’s a sad tale of two cities.
The news out of Washington, D.C. this spring is that President Donald Trump and the Republican majorities in Congress plan on cutting taxes. The unsurprising news out of Springfield, Illinois is that General Assembly Democrats are planning to raise taxes.
Also not surprising is that there is a hot debate about whether the GOP tax cut efforts in D.C. can succeed. There is no debate, however, about Illinois Democrats’ accomplishing their mission. Especially when Republicans, including Governor Bruce Rauner, appear poised to help the Democrats.
What is also not debatable is whether …
Posted in Illinois Politics
Tagged Bill Zettler, Bruce Rauner, Crain's Chicago Business, Donald Trump, Illinois Public Pensions, Illinois State Budget, Ken Griffin
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