Ty Fahner (Doomsday
Puppeteer)
In a memorandum to fellow
members of the Civic Committee, a bombastic screed carefully choreographed to
achieve the widest impact on print and televised media, President Tyrone Fahner
announced his belief that the Illinois pension system was now officially
“unfixable” on Wednesday, November 14th.
Fahner’s Civic Committee of
the Commercial Club of Chicago, long a bastion of wealthy CEO’s fighting to
curtail the collective bargaining rights of unions or the earnings of public
employees, warned that legislators had lost the ability to make any significant
headway on the “pension crisis” as they had waited too long.
Beginning with the premise
that nothing would work at this point, a position unfettered by real or
actuarial numbers, the Civic Committee president’s memorandum urges the
immediate
Elimination of all
cost of living increases
An immediate cap
to pension salaries
An increase of
the retirement age to 67
A shift of the
annual costs to local districts/employees over a period of twelve or more
years.
Fahner told Crains Business that
the numbers are “there” in a binder over “an inch thick.”
Once again, Mr.. Fahner has initiated
the charge on forced pension reform in Springfield, just as he has for the last
several years. You’ll remember that Mr.
Fahner, although not a member of the General Assembly was a co-author of SB512,
and also a signer on the promise to get it right next time after the failure of
the draconian bill to cut current and retired teachers’ benefits in 2011. If anyone would have an inside track on how
pensions were underfunded to begin with, it would be Mr. Fahner, who served as
an appointed Attorney General of Illinois under Governor “Big Jim” Thompson,
who managed the pension holiday program effectively to the point that the
funded ration for pensions dropped from 90% to 30%.
But, wait a minute! Perhaps this time Fahner’s numbers are based
upon some real insight, not just another attempt to generate a better playing
field for those many companies in the Civic Committee who already enjoy tax
loopholes, giveaways, and breaks provided by Governor Quinn and the General
Assembly.
Maybe, just maybe, Fahner is
realizing that the problem IS a revenue
problem, not a pension problem. Maybe he
knows, just as Ralph Martire of the Center for Tax and Budget Accountability warned,
that all the proposed cuts thus far would only account for about 25% of the
problem. Indeed, that the legislators
will just have to come back for more from the taxpayer, even if the General
Assembly passed all the cuts on the backs of the public sector who already gave
their required amounts over the decades.
We can expect more drumming
and dire predictions from the Civic Committee, but remember that real reform
will come with a change in revenue and a promise kept to pay the promises made
in Article XIII, section 5.
In Illinois, the attempt to bust the public sector unions, to decrease the Cost-of-Living Adjustment in exchange for precarious health care benefits, to increase employees’ contributions and retirement age, and to shift the burden of the state’s negligent debt to school districts and, thus, property owners is an exploitation of public employees.
ReplyDelete“Cutting benefits by raising the retirement age or [eliminating] cost-of-living increases is no solution... That should be obvious, but there are plenty of snake-oil-selling politicians [and business organizations] who want to do just that. There is only one way to avoid benefit cuts, and that is by raising more revenue” (Economic Policy Institute, April 2012).
When certain Illinois policymakers wield the power to impoverish some people by destroying their rights; when the Civic Committee of the Commercial Club of Chicago’s money not only influences the General Assembly’s decision-making policies but generates and perpetuates economic inequality, the people’s trust in the legitimacy of the Illinois state government degenerates into profound skepticism and resentment.
Without a doubt, corporatists are prosperous in Illinois. The 97th Illinois General Assembly guarantees their affluence and will continue to do so. Our submission to corporatists’ corruption, extortion and oppression and our assent to the General Assembly's shameless hypocrisy, protection and perpetuation of wealthy powerful interests must be addressed.
First we had "binders full of women," now we in Illinois are lucky enough to be presented with "binders full of numbers."
ReplyDeleteIs "binders full of..." the new buzzward, just like someone's leaving an office because "he doesn't want to create a distraction?"
From now on, please use the correct spelling of Ty's last name--
Feigner.