As an Illinois citizen (unfortunately) i can attest
While private sector employees have been told increasingly to fund their retirements. Illinois politicans for years have insisted that governemnt employees have their retirments fully funded. Now these pensions are bankrupting the state.
It should be interesting to see what happens. they have been borrowing money to keep themselves afloat. Soon they won’t be able to, as their bond rating is barely above junk bond rating.
Liberals ruin EVERYTHING they get control of.
Bullchit!
I'm a retired Illinois teacher and EVERY dam check I drew while I was working took my contribution to my retirement fund-just the way it was laid out by law.
The problem comes from the state not doing the same.
The money was there but the crooked democrat politicians in Illinois couldn't bring themselves to live by their own law.
They took the money and used it to go out and bribe voters.
And that is a practice that is not limited to Illinois. Ted Kennedy started the ball rollin' with his IOU's in the "Social Security lockbox".
California, Connecticut, New York on and on are all headed the same direction. Illinois is just out front on this because we've had complete democrat party control for so long.