Friday, May 31, 2013

Fire them all: Illinois General Assembly adjourns without passing pension reform

Millstone, Morrison, IL
For years Illinois' underfunded public pension system has been a millstone dragging down the Land of Lincoln. Once again the General Assembly failed to pass a pension reform bill. Yeah, the House passed one bill and the Senate another, but the two chambers could pass any pension bill.

The Democrats control both chambers with overwhelming majorities.

Our governor, Pat Quinn, a Chicago Democrat, is as useful as a wet glob of toilet paper. As I've noted many times on this blog, the self-described populist over 400 days ago emitted this fatuous declaration about the Illinois' pension shortfall: "But I'm here to solve it. I know that I was put on earth to get this done."

Quinn is a failure. And so is the General Assembly. Next year there is an election. Democrat or Republican I offer this endorsement in regards to these so-called public servants. Fire them all.

Oh, Moody's is considering lowering Illinois' credit rating. Again. The Prairie State's credit rating is already the lowest in the nation.

Illinois' pension debt stands at $100 billion. It grows by $17 million each day.

Related post:

It's been 407 days since Quinn said he was "put on earth" to fix Illinois pension mess

Technorati tags:

401(k)s for Dummies by Benna, (Google Affiliate Ad)

No comments: