Cullerton mulls a solution while the savants incite panic
Friday, Jul 25, 2014
* After snidely whacking the “conservative savants” on his own newspaper’s editorial board, the Tribune’s always thoughtful John McCarron turns to Senate President John Cullerton for answers about how to deal with pension reform going forward…
That’s actually brilliant. He’s done it again. Whether the state could get the union to agree to such a change without a strike is another story, but it’s probably worth a shot.
* And whether you agree with Cullerton or not, he’s offering up more insight and thought than we’ll ever possibly get from those afore-mentioned “savants,” one of whom throws up her hands in the Tribune today about the future of pension reform and Illinois…
* From a March, 2014 report by the Commission on Government Forecasting and Accountability…
As I’ve been telling subscribers, we’re at the top of the Jim Edgar “ramp.” There is another significant bump up next year because the three biggest systems adjusted their ROI percentages after COGFA released its report, but then that’s pretty much it.
And, as is obvious by the chart, most of the pension reform law’s savings occur decades from now.
But the “savants” at the Trib (or anywhere else) will never tell you that. They’d rather just scare you into believing the worst without any actual facts. It’s utterly and despicably shameful. Not to mention that nobody will ever give up a sweet gig at the Mother Ship and move to Hoosierland or the equivalent because pension reform is in peril. The Trib loves its victimhood.