Posted on 06/22/2017 2:11:43 AM PDT by Yosemitest
CPS can kiss my ass, no one should be allowed to have their pension fully funded by taxpayers. Pay for your own effing retirement like everybody else.
Just to add fuel to the fire...which is what I sadistically do...y’all should know that government pension income is not taxed by the State of illannoy. That’s any government... federal, state or local.
They’ve gone so far that they tax Social Security payments.
They's going to be sucking a vacuum, especially if they think the federal government (read "taxpayers in the other states") will come to their rescue. Illinois voters elected this Demonicrat and RINOcrat disaster and they can sit on it.
Rob liquor stores?....................
“Do you consider an Illinois Firefighter, or a State Highway Patrolman, or a city cop, an honest job?”
Definitely. But Union boss for them, no.
There isn’t any money to take. These state pensions have been underfunded for 30 years or more, while promising generous payouts through unrealistic investment returns.
Well, after the collapese, these Illinois retirees will only be voting in one state: Florida.
Wow. I’m so surprised that a communist and his organizations would do such things to the worker! He must have Putin in mind, ending up a multi-billionaire.
By the way, I kept your post because it is so apropos and will use it whenever I need to teach the truth about communism and the unions. The most hated? The Fed Union.
They are going to have to accept a hair cut or nothing.
That is similar to the Wisconsin plan.
The deficit is the part we borrow.
Wisconsin is going to be VERY unhappy.
For sure keep voting Democrats into office since it is working so well
Yes, and the Treasury Department issues treasury bills, treasury notes and treasury bonds to compensate for the difference. Not printing FRNs per se, but generating a debt instrument out of thin air nevertheless.
I am aware that federal governments can print money.
I am also aware that printing enough of it causes currencies to collapse.
I factored that in to my assessment of the possibility of my collecting much of a military pension.
Haha, very funny. Oh, you were serious? Show me a typical government worker that would do better in the private sector, and I'll show you somebody that is already in the private sector.
Right. That’s how we borrow.
I agree. Seldom do you see a deadhead move into the civilian workplace, except for when they need to accumulate enough quarters of employment to qualify for Social Security. But in the case of schoolteacher, they might move to a neighboring school district that has better bennies.
You often see teachers max out in a system, and then go to another district for a few years to qualify for that retirement, too. They can do that, as they can max out in some cases in as few as 20 to 25 years.
#7 Donald Trump should say that yes the state will be bailed out, however every democrat politician must resign along with cutting the too generous pension amounts and getting rid of all gov’t unions.
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