One more time. Repeat after me: “It’s not a benefit problem. It’s a revenue problem.” « Fred Klonsky

One more time. Repeat after me: “It’s not a benefit problem. It’s a revenue problem.” « Fred Klonsky:

One more time. Repeat after me: “It’s not a benefit problem. It’s a revenue problem.”

by Fred Klonsky

Ralph Martire. executive director of the Center for Tax and Budget Accountability, a Chicago-based bipartisan fiscal policy think tank.
No matter how many times we say it, it is just really hard for some folks to wrap their head around the idea.
The current underfunding of the state’s public employee pension plans is not the result of unsustainable benefits.
The problem is 40 years of theft. The state of Illinois used my teacher pension and the pensions of other state workers as a credit card to borrow against. It saved the corporations from having to pay their share. But the bill