To the Editor:
The Illinois Constitution needs to be changed to allow renegotiation, reduction or cancellation of pensions. In fact the Illinois Constitution should be changed to ban government pensions entirely. The current system, which promises lavish benefits now and paid later by fresh new taxpayers that haven't moved to the state or even been born yet, is unsustainable and unaffordable.
The only way some government units are going to solve this problem is by going bankrupt as in Detroit. In the old days the robber barons like Ford, Frick, Carnegie, Rockefeller and JP Morgan collected the nation's wealth. At least they created tremendous value and new efficiencies for the nation.
The new self-proclaimed cultural elite are the retired bureaucrats that may collect hundreds of thousands or more a million of dollars a year in pension for not working. Considering the bureaucrats reputation for sloth, why even retire? Well, some make more in retirement per year than they do working. Mayor Lightfoot is just starting to face this problem.