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If I were in the pension receiver's position, and I COULD take all of my funds out lump sum today, and roll it over into a ROTH I.R.A, or just to keep the funds in my hand and get it away from the state's grasp and the Federal Government's reach, I WOULD DO IT RIGHT NOW !
I would DO IT THIS VERY SECOND !

1 posted on 06/22/2017 2:11:44 AM PDT by Yosemitest
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To: Yosemitest

Strum a guitar on a street corner and pass the hat?


2 posted on 06/22/2017 2:13:43 AM PDT by 2ndDivisionVet (You cannot invade the mainland US. There'd be a rifle behind every blade of grass.)
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To: Yosemitest

This isn’t really a problem in any way.
They will get honest jobs, as they should have done decades ago.


3 posted on 06/22/2017 2:15:00 AM PDT by MrEdd (MrEdd)
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To: Yosemitest

This is just setting the stage for a federal bailout. The question is whether the federal government bites.


7 posted on 06/22/2017 2:29:57 AM PDT by RKBA Democrat (No Illinois bailout)
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To: Yosemitest

Simple solution. Keep raising taxes until they get enough to pay their obligations.

Illinois should pay me for such advice!


8 posted on 06/22/2017 2:30:02 AM PDT by Ken H (Best election ever!)
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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

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

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: 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: 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

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: Yosemitest

I’m wondering how many of their elected politicians became millionaires while in offfice over the last 50 years?

Because that’s where the money went.


48 posted on 06/22/2017 4:21:27 AM PDT by fella ("As it was before Noah so shall it be again,")
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To: Yosemitest
If I were in the pension receiver's position, and I COULD take all of my funds out lump sum today, and roll it over into a ROTH I.R.A, or just to keep the funds in my hand and get it away from the state's grasp and the Federal Government's reach, I WOULD DO IT RIGHT NOW ! I would DO IT THIS VERY SECOND !

In what form do you keep the funds in your hand that you consider it beyond their grasp? Inflation is how they tax people that hold dollars.

51 posted on 06/22/2017 4:25:56 AM PDT by Gunslingr3
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To: Yosemitest

What will pensioners do? They will dutifully blame Trump...or Bush or anyone but the ones responsible.


52 posted on 06/22/2017 4:26:49 AM PDT by discipler (How's that 'hope and change' working for 'ya? - RL)
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To: Yosemitest

If you don’t roll it into a IRA there are 30% IRS penalties, ROLL IT OVER!


58 posted on 06/22/2017 5:09:34 AM PDT by GailA (Ret. SCPO wife: suck it up Buttercups it's President Donald Trump! DRAIN THE SWAMP)
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To: Yosemitest; All

Uhhh, quit voting democrat?


60 posted on 06/22/2017 5:12:57 AM PDT by notdownwidems (Washington D.C. has become the enemy of free people everywhere!)
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To: Yosemitest

I’m sure they’ll get some money from the Democrat party.

They have tons of money.

They just spent $30,000,000 to lose a House race in Georgia.


62 posted on 06/22/2017 5:14:20 AM PDT by blueunicorn6 ("A crack shot and a good dancer")
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To: Yosemitest

In times of financial difficulties, they always cut back on things that hurt the most. They never cut back on their own rich benefits. They don’t stop bringing in “refugees.” They keep the money flowing to themselves and their best buddies.


65 posted on 06/22/2017 5:21:58 AM PDT by I want the USA back (Le Pen: "Islamism is a totalitarian ideology that has declared war on our nation, on civilization.")
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To: Yosemitest

Not a legal option.

OH, and they don’t pay SS. My bride is a teacher, and that is a big concern. We don’t count on the pension, but the risk of having to pay back SS is a worry.

Funny thing is that the state constitution is such they can’t put it into a safer harbor.


66 posted on 06/22/2017 5:23:14 AM PDT by redgolum
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To: Yosemitest

The ILLINOIS GENERAL ASSEMBLY passed the vilest of laws, while they shook their fists at ALMIGHTY GOD. They forgot Who holds the purse strings.

HAGGAI 2:8
‘The silver is Mine and the gold is Mine,’ declares the LORD of hosts.

1 SAMUEL l 2:7
“The LORD makes poor and rich; He brings low, He also exalts.

1 CHRONICLES 29:12
“Both riches and honor come from You, and You rule over all, and in Your hand is power and might; and it lies in Your hand to make great and to strengthen everyone.


69 posted on 06/22/2017 5:30:18 AM PDT by stars & stripes forever (Blessed is the nation whose God is the Lord. Psalm 33:12)
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