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pimpdaddystyle - Sheffield steps down at QND basketball coach - Quincy, IL News - QuincyJournal.com
Amen to that, Brutus.
Stupid_Dems - Strawman: #Hashtag You\'re It... - Quincy, IL News - QuincyJournal.com
Come on man, You got the wierdo Debbie Wasserman, how can you even try to compare to Palin. There arn't enough paper bags at County Market to make Wasserman doable!!
CordellWalker - Strawman: #Hashtag You\'re It... - Quincy, IL News - QuincyJournal.com
What's hilarious and terrifying at the same time is that Palin was nearly a stroked-out McCain away from being the leader of this country. Think about that whenever her prompter freezes and she has to improv.
migraine_in_qcy - Strawman: #Hashtag You\'re It... - Quincy, IL News - QuincyJournal.com
I assume she was invited to Iowa because regardless of her elect-ability, she's down to earth, likable, and us commoners can relate to her. She likes to hunt and fish, she doesn't have a perfect family, she makes mistakes, and she's not an elitist Beltway type talking down to us. She's one of us, warts and all. As a bonus, she drives liberals like you insane just by existing. You're…
rifleman0311 - Schaefer prepares for 7th Ward aldermanic primary - Quincy, IL News - QuincyJournal.com
Wow! He was able to get all the talking points in there. To bad an alderman doesn't have the power to fix the public safety pensions. Oh and if he could put all future police officers on 401k plans, who will fund the pensions for all the current employees? After this interview, it sounds like Heinecke may be the best choice. Sad!!

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Hannibal History Museum's "Winter Thaw" Event on Jan. 25:

Illinois’ real pension crisis: Finding enough taxpayers to pay the bills

Illinois’ real pension crisis: Finding enough taxpayers to pay the bills

1 year, 3 months ago by Ben Yount, Illinois Watchdog

The top Democrat in the Illinois Senate says the state’s worst-in-the-nation pension debt is not a crisis. And he’s right.

Senate President John Cullerton points out that Illinois’ pension debt merely is slowly bankrupting the state.

Cullerton said the real crisis, in his mind, is making sure there is enough tax revenue to pay the states’ nearly $9 billion a year pension payment. But he is wrong.

Cullerton should be worried there are enough taxpayers to pay the bills.

Illinois have close to 1 million government workers — teachers, state employees, local cops and firefighters, and federal employees all due some sort of public pension.

But there only 4 million workers in both the public and private sectors combined, and the total public-sector pension debt is astronomical.

“The entire gross domestic product (GDP) of Illinois, the measure of all goods and services produced in the state, is only $644 billion,” Adam Andrzejewski, founder of the watchdog OpenTheBooks.com told Illinois Watchdog. “The teachers’ retirement plan is underfunded by estimates of $100-$200 billion. That’s up to one-third of everything produced by the entire economy in a year. It’s a crisis verging on bankruptcy.”

Andrzejewski said there is no way 75 percent of workers in Illinois can continue to guarantee 90 percent of the costs for “gold plated” public pensions for just 25 percent of workers.

“Those government employees have guaranteed salaries, generous sick time and vacation packages, most have 80-100 percent paid health insurance,” Andrzejewski said. “None of this is found amongst rank-and-file employees in the private sector.”

State Rep. Tom Morrison, R-Palatine, said Illinois needs to head off its real crisis and end defined-benefit public pensions. 

“The taxpayers that we are counting on to help subsidize retirements are getting more and more concerned about (paying) higher taxes,” Morrision said.

Morrison is one of a handful of lawmakers pushing for a 401(k)-style retirement plan.

“You preserve what (public employees) have earned up to this point,” Morrison said. “But going forward, you give them the ability to control their own retirement plans.”

Current pension reforms would only tweak the system for public employees. Illinois still will be facing billions of dollars in retirement costs while having to scale back services to the public.

Morrison said Illinois cannot afford to pay so much for pensions for so few.

“While (public employees) have a guarantee in the Constitution that says pension benefits cannot be diminished, there’s nothing in the Constitution that forces taxpayers to stay in Illinois,” Morrison said.


From the Newsroom

Bob Gough on Twitter

Bob Gough 21 sec ago

@dennisdoddcbs @Boys_Vox Pretty fair assessment.
Bob Gough on Twitter

Bob Gough 37 sec ago

RT @Dennis Dodd: Mike Alden stepping down at Missouri. Credit for football, SEC move, facilities. Not so much for bkb, off-field issues. Overall great run.
Bob Gough on Twitter

Bob Gough 33 minutes ago

RT @Mizzou Athletics: When he steps down Aug. 31, Alden will have the second-longest tenure among athletic directors in #Mizzou history, behind only Don Faurot.
Bob Gough on Twitter

Bob Gough 38 minutes ago

RT @CBS Sports 920: Mike Alden Stepping Down as Missouri Athletic Director --> http://t.co/BL02utFCi2