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QUESTION: What Will Illinois Pension Recipients Do When Their Automatic Deposits Quit Coming ?
Many different sources | June 22, 2017

Posted on 06/22/2017 2:11:43 AM PDT by Yosemitest



TOPICS: Business/Economy; Miscellaneous
KEYWORDS: cop; democrats; firefighter; illinois; patrolman; retirementincome; unions
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To: Yosemitest

Social Security 2025. No more white privilege.

All the morons who bought into social security and government pensions as bedrock security: suckers.

They will be coming for your 401k next to patch the gaps in social security and government pensions. It’s only fair that you crackers pay up.


21 posted on 06/22/2017 3:04:16 AM PDT by Lonesome in Massachussets (Psephomancers for Hillary!)
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To: Yosemitest
Do you consider an Illinois Chicago Firefighter, or a State Highway Patrolman, or a city cop, an honest job?
Nope.
22 posted on 06/22/2017 3:06:23 AM PDT by LesbianThespianGymnasticMidget (God punishes Conservatives by making them argue with fools. Go Trump!)
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To: Huntress
It's a term used in Louisiana political lingo ever since I can remember in the 50s.

Here is my effort to formally define it. I may refine it a bit more, but this is close:

Deadhead - dead·head (dĕd′hĕd′) n.

Generally, government employees - local, state, or federal.

Specifically, a deadhead has minimal job responsibilities, with little or no discernable work output or identifiable accomplishments.

Correspondingly, deadheads often have significant governmental regulatory authority that is used to interfere with productive, taxpaying citizens.

If one is offended by use of the term, chances are that individual IS a deadhead. They know who they are.

Deadheads are usually placed in their jobs as political patronage in exchange for electioneering for the winning candidate or political party.

Historically, deadheads have had pay scales that trail corresponding private industry jobs. As an offset, the deadhead enjoys an early taxpayer funded retirement (age 50 or 55), with a plan into which minimal employee contribution is required. The retirement pay scale usually matches the final working pay rate, and is indexed for inflation.

In the past twenty or so years, government deadhead pay has risen to equal or exceed comparable private sector pay, while retaining the fat pension plans.

The deadhead also has a gold-plated medical plan fully funded with taxpayer dollars, while private sector employees must deal with Obamacare. As with the retirement plan, minimal employee contribution is required.

The medical plan is carried with the employee into retirement.

Use in a sentence: “North Louisiana Oyster Inspector, the choicest deadhead job in the area, was given to the governor’s Ouachita Parish campaign manager.”

23 posted on 06/22/2017 3:06:28 AM PDT by abb ("News reporting is too important to be left to the journalists." Walter Abbott (1950 -))
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To: Vince Ferrer
From the articles I referenced above:
But SOME HOW .... they WILL mange to blame the Republicans for this mess,
even though it's ENTIRELY THE DEMOCRATS WHO CREATED THIS DISASTER !
24 posted on 06/22/2017 3:09:52 AM PDT by Yosemitest (It's SIMPLE ! ... Fight, ... or Die !)
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To: RoadGumby

Read Comment #16/


25 posted on 06/22/2017 3:13:19 AM PDT by Yosemitest (It's SIMPLE ! ... Fight, ... or Die !)
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To: Yosemitest

The State of Illinois should secede from Chicago. Chicago is the cancer ruining it, like Seattle is the cancer sickening Washington, or Denver is the disease of Colorado. New York state would be better off without the five rotten boroughs


26 posted on 06/22/2017 3:17:13 AM PDT by ZULU (DUMP THAT POS PAUL RYAN!! KIM FATTY the THIRD = Kim Jung Un)
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To: Yosemitest

Yup! Obama et al. were the true deplorables.


27 posted on 06/22/2017 3:18:32 AM PDT by Chgogal (I will NOT submit, therefore, Jihadists hate me.)
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To: Yosemitest

Whatever happens, it’ll be a riot.


28 posted on 06/22/2017 3:21:36 AM PDT by Fresh Wind (Hillary: Go to jail. Go directly to jail. Do not pass GO. Do not collect 2 billion dollars.)
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To: ZULU
The State of Illinois should confiscate ALL the assets of the ILLEGAL ALIEN IN CHIEF, along with that of the elected DemocRAT officials, that are Illinois residents.
That should put a significant dent in paying off their debts.

< /sarc>
29 posted on 06/22/2017 3:21:55 AM PDT by Yosemitest (It's SIMPLE ! ... Fight, ... or Die !)
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To: RKBA Democrat
"This is just setting the stage for a federal bailout. The question is whether the federal government bites."

I expect that to happen.

Just because you had nothing to do with the fiasco doesn't mean that you shouldn't pay for it.

30 posted on 06/22/2017 3:24:33 AM PDT by blam
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To: Lonesome in Massachussets
They will be coming for your 401k next to patch the gaps in social security and government pensions.

I've been saying this for a long time now. They will claim that you rich people (the ones who actually saved for your retirement) took advantage of a "tax loophole" (that politicians created), and accumulated this wealth that they are now appropriating in the name of the people.

And that's when it will start.

31 posted on 06/22/2017 3:27:42 AM PDT by Hardastarboard (Three most annoying words on the internet - "Watch the Video")
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To: Yosemitest
Our nation is in the exact same shape except we print money to cover shortfalls.

So there's that.

32 posted on 06/22/2017 3:33:07 AM PDT by JonPreston
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To: Lonesome in Massachussets
Here's a reference:
33 posted on 06/22/2017 3:34:25 AM PDT by Yosemitest (It's SIMPLE ! ... Fight, ... or Die !)
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To: Yosemitest

I see this as the first sign of what is to come when the burden of tens of trillions of dollars of debt. This is the real zombie apocalypse. When the welfare dollars quit coming or, worse yet, it takes the sum of all their “benefits” to cover their cellphone bill, they will come after what the people who aren’t on welfare have. The authorities (local, state, federal law enforcement) will be guarding their facilities and won’t be there to protect anyone else. Today is not the day to stop buying ammunition.


34 posted on 06/22/2017 3:43:00 AM PDT by EandH Dad (sleeping giants wake up REALLY grumpy)
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To: Yosemitest

Don’t lose sight of the fact that many solvent banks were pressured - effectively forced - to accept government “bail outs” to make it look like the TARP fiasco was necessary to “save the economy”. It was government pressure - the community reinvestment act - that destabilized the economy in the first place.

Bwarnie Fwank wolled the dwice and we lost.


35 posted on 06/22/2017 3:44:41 AM PDT by Lonesome in Massachussets (Psephomancers for Hillary!)
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To: Yosemitest

I can tell you what they SHOULD do. Pass a “zip code” test. Checks to the ghetto need to keep flowing or they will riot. Checks to “gated communities” need to cease.

Of course, they will do it just the other way around...


36 posted on 06/22/2017 3:47:27 AM PDT by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: Yosemitest
Demand a federal bailout.

Note to federal income tax payers: INCOMING!!!!

37 posted on 06/22/2017 3:50:00 AM PDT by mewzilla (Was ObamaThanks surveilling John Roberts? Might explain a lot.)
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To: JonPreston
Our nation is in the exact same shape except we print money to cover shortfalls.

Well, no. The government cannot spend money that it does not collect in taxes or borrow. We cannot just print money. I will grant you that "quantitative easing" is just a tiny step short of just printing money, it's like being a little pregnant.

38 posted on 06/22/2017 3:50:18 AM PDT by Lonesome in Massachussets (Psephomancers for Hillary!)
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To: Yosemitest

Ideally, there should have been enough in contributions by the pensioners over their period of service, to adequately fund these retirement demands. Now, there is no do-over.

The portion if the pensions that SHOULD have been provided by the State of Illinois was stolen and spent elsewhere, a common tactic by Democrat legislators and Democrat executives. In the short term, the budget is “balanced”, but at a future cost that is rarely calculated in advance.

I suppose the rationale at the time was that the general citizenry “Owed” it to themselves, and this was reflected in the representation sent to the state legislature.

The difference between Venezuela and Illinois, is that it is still possible to obtain toilet paper in Illinois.


39 posted on 06/22/2017 3:50:56 AM PDT by alloysteel (Don't worry, nothing is going to be OK. Positive assumption of negative outcome.)
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To: Lonesome in Massachussets
They will be coming for your 401k next to patch the gaps in social security and government pensions. It’s only fair that you crackers pay up.

Look, some people, good people, were not able to save for their retirement. It's only fair that those who had the means contribute their fair share to those who did not...

/s

40 posted on 06/22/2017 3:51:11 AM PDT by IncPen (Progressivism is in perpetual need of an enemy against which to refresh its outrage.)
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