Illinois' public pension crisis has been bumped out of the headlines by the Nov. 8 presidential election and other attention-grabbers, but the crisis hasn't gone away, the vice president of a Chicago-based conservative think tank said in a recent article.
Since the state Supreme Court ruled voter referendums can't be used to place measures on the ballot, Republican Gov. Bruce Rauner has called for state lawmakers to take action to restore redistricting to the November ballot and to also put term limits up for a vote.
The state of Illinois and the city of Chicago should seek bankruptcy protection to stop the fiscal bleeding and get back untracked, William Isaac, former chairman of the Federal Deposit Insurance Corp., said in a recently published opinion piece.
With the welfare system falling apart, it may be time to look at the possibility of a basic income for every American, a concept that has been championed by well-known economists and political scientists of the past and present including Milton Friedman, Friedrich Hayek and Charles Murray.