Quote of the day, January 9
Quote of the day, January 9
The stunning data underscore an important point as power shifts to Governor-elect Bruce Rauner: Illinois cannot raise taxes on a population that is shrinking due to massive numbers of people leaving.
The unpredictable and expensive nature of defined-benefit pension plans is why companies like Barnes & Noble Inc. and Allegheny Technologies recently chose to abandon traditional pension plans in favor of 401(k)-style plans.
Services for the most vulnerable Medicaid populations will be first in line for budget cuts. Childless, able-bodied adults will be last.
Localities don’t need to wait for Springfield to make the state work again.
More than 12,000 state retirees receive annual pensions of over $100,000 for lifetime payouts that average $3 million.
The president’s signature health-insurance overhaul is as unpopular as ever. And the underlying causes for dissatisfaction continue to worsen.