Letter to Members of the Commercial Club from Fahner, et al.
Ty Fahner of the Civic Committee said prior to the elections that he wanted “to build a $1 million pot” by November to elect lawmakers who back pension reform. Well, Representatives Tim Schmitz, Elaine Nekritz, and Darlene Senger are among some of the legislators who have received donations from the Civic Committee’s “We Mean Business” coffers.
There are legislators who proffer unequal opportunities for the citizenry and quantifiable payoffs for the state’s largest corporate executives to ensure patronage for their re-election campaigns. I guess it’s time for payoffs now.
Such is the case in the State of Illinois where the government is held hostage by affluent and influential “special interests” (to protect the riches of the state’s wealthy ruling class); where both the Republican and Democratic parties (the Money Party) are one side of the same dirty coin corrupted by briberies (unlimited campaign funding) made legal; and by the Civic Committee of the Commercial Club of Chicago, in particular, that can and will manipulate the state’s politicians, set the legislative agenda, and hoodwink and oppress an oblivious populace, especially through media and its obverse website Illinois Is Broke.
What is the relationship between dishonest politics and corrupt partnerships? A substantial amount of campaign money affects the ability and the will of our state legislators to make ethical decisions. It is money and their re-election that motivate legislators to believe that radical “pension reform,” for instance, is a road to navigate for reducing the state’s future budget deficit.
Of course, Illinois policymakers will attempt to break the contracts with their public employees by calling it “pension reform” very soon, and Pulitzer Prize-Winning Reporter David Cay Johnston states why: “It is the rich who are gorging themselves on the government with giveaways, favors, contracts, rules that rig the economy, tax breaks, and secret deals [and not the majority of citizens in Illinois, many of whom are public employees with a hard-earned pension plan]” (Free Lunch, How the Wealthiest Americans Enrich Themselves at Government Expense and Stick You with the Bill).
Cap the final salary on which pensions may be based;
Increase retirement age to 67;
Shift the cost of teacher pensions to local school districts over a 12-year period.
from Crain's Chicago Business:
State’s pension systems will run out of cash even if lawmakers make big changes