Quote of the day, December 12
Quote of the day, December 12
The list of reasons for denying government workers the benefits of 401(k)-style plans in favor of politician-controlled pensions is short at best, and it’s growing shorter every day.
Leibundguth Moving & Storage has been in Downers Grove, Illinois, since 1928, and for over 70 years it has had a hand-painted sign on the back of its building facing the Metra commuter rail tracks.
In 1985, only one in 10 Fortune 100 companies offered 401(k)-style plans to new employees. Today, that number has increased to seven in 10.
Judy Baar Topinka was larger than life.
It might be rare to heap praise on Illinois’ state lawmakers, but their decision not to move forward on a state-funded exchange deserves recognition.
Illinois state government contributes the equivalent of 35 to 127 percent of government-worker salaries to keep its pension systems above water.
A case study on the insider’s game of EDGE tax credits
Had Illinois managed the recession and recovery on par with the rest of the U.S., there would be an additional 300,000 Illinoisans working today, and an additional 220,000 payroll jobs.
In November, 13 of 53 Corruption Watch stories were related to policies and actions of criminal-justice authorities in Illinois.