12:35 PM
The Illinois Policy Institute has released a four-point plan for 2010. This agenda is very promising and provides a framework to go by.
- Pension Funding and Fairness Act. This requires borrowing early on, but would put pensions on a real path to full funding with all debt paid off by 2024.
- No more big spending! Wasteful pork is hurting us.... big time. See the 2010 Piglet Book for details.
- A three-year freeze on state spending The new study, due out in March, will show that spending in Illinois can be flat-lined.
- A full-fledged Illinois Performance Audit will be done which most likely will show the economic decline in Illinois started in 1970. Recommendations for change will reverse the course.