DURBIN: This may be heresy, but I think Simpson-Bowles got it right. Put everything on the table. We know that come ten years from now, Medicare is not sustainable financially. We've got to do something. Why wait ten years to see that reality? We know that Social Security has 20 years or perhaps less. What are we going to do about it today, in a small way, that will give it this longevity. And I have to say to the Republican side, for goodness' sake, we have a tax code that takes $1.3 trillion out of the treasury each year and in that, we cannot find some savings, closing some loopholes, quote, raising revenue? Well, of course we can.
This is a choice about whether we'll make the tough decisions necessary to balance our budget by reforming our public pension systems, or whether we will let our jobs, our safety, and our schools be squeezed out by skyrocketing pension costs.
We have a tall task ahead of us. This is no small issue. And doing what's hard isn't always what's popular at the moment. But, we must remember that hard is not impossible.
We cannot allow our economic recovery to be held hostage by the pension crisis. We simply must act. Our vision for our Illinois cannot be fully realized without pension reform. This problem cannot be delayed, deferred, or delegated to the next session, or to the next generation.
|2016 Presidential contenders on Social Security:|
Mayor Rahm Emanuel(IL)
2016 Third Party Candidates:
Mayor Michael Bloomberg(I-NYC)
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