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1 posted on 08/24/2016 9:22:31 PM PDT by Olog-hai
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To: Olog-hai

Unions should take the Democrats to court, to force sales of any public buildings and parks for Walmarts and other stores and then put up tents to house the politicians. No new taxes!


2 posted on 08/24/2016 9:28:29 PM PDT by Mark (Obama Care is now DEMOCRAT CARE)
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To: Olog-hai

And separate from this, Chicago has its own financial headaches.

The Chicago schools are trying to get a $1.5 billion line of credit, so as to balance their budget for the coming school year.

Illinois has some screwed up finances.

Will Democrats ever admit that they are largely to blame for these problems????


3 posted on 08/24/2016 9:44:10 PM PDT by Dilbert San Diego
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To: Olog-hai

They keep trying to make this sound like they couldn’t have seen this coming.


4 posted on 08/24/2016 10:01:59 PM PDT by VanShuyten ("a shadow...draped nobly in the folds of a gorgeous eloquence.")
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To: Olog-hai

Base teacher pay on their effectiveness. Their unions see to it that more than a few in their ranks who have no business calling themselves teachers are overpaid to perform in a profession whose product’s quality is questionable at best these days. All mission-critical jobs have quality standards the employees are held to, why should any of them, be they teachers or government employees of any stripe get an automatic free pass to put out halfassed inferior products that weakens America?


5 posted on 08/24/2016 10:02:05 PM PDT by W. (Hillary for sale: The $2 whore of politics!)
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To: Olog-hai

ILLINOIS is just plain broke. What do you expect from a state that has spit in GOD’S eye and put into law every abomination imaginable?


6 posted on 08/24/2016 10:08:42 PM PDT by stars & stripes forever (Blessed is the nation whose God is the Lord. Psalm 33:12)
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To: Olog-hai

This is ridiculous.
They want to maintain a fake rate of return assumption?


7 posted on 08/24/2016 10:17:10 PM PDT by buwaya
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To: Olog-hai

Start yellin’ @ Yellen. Fix the Fed!


8 posted on 08/24/2016 10:17:31 PM PDT by Paladin2 (auto spelchk? BWAhaha2haaa.....I aint't likely fixin' nuttin'. Blame it on the Bossa Nova...)
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To: Olog-hai
Gov. Bruce Rauner’s administration says a pending move by Illinois’ largest public-pension fund would increase the state’s required payment by hundreds of millions of dollars, potentially leading to higher taxes or massive cuts to education and social services already suffering amid a budget crisis.

I hope we all see the unspoken premise here: That the one and only absolute necessity, invincible to compromise, is that the vast army of retired teachers be remunerated at their promised rate, whether it bleed the state, and the heavens, dry, or not.

11 posted on 08/24/2016 11:23:37 PM PDT by dr_lew
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To: Olog-hai
Maybe this is a start....

The buzz in the Corporate world is "De-Risking" a Pension.

It starts with assuming a much less rate of return and I think it was Ford that shifted almost entirely out of equities into Bonds / Corp Bonds to level out / project the liability and control it going forward.

Here are some screenshots of the concept and strategies within, but I doubt the teachers and or their Unions will break out of their political mindset and consider it as a road to keeping their pensions running vs. going belly up.....


16 posted on 08/25/2016 2:08:49 AM PDT by taildragger (Not my Monkey, not my Circus...)
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To: Olog-hai

it is out of hand, about the only retirement comes from working for the gangstamint...if others cant retire why should they on our tax dollars.

fix it...


17 posted on 08/25/2016 3:24:29 AM PDT by aces ( Islam is the religion of the dead, Got Jesus?)
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To: Olog-hai

“Social Services,” can not suffer from cuts as they are not legal in the first place. Government has no right to take money from productive citizens and give it to protected leaches.


18 posted on 08/25/2016 4:21:22 AM PDT by Lion Den Dan
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To: Olog-hai

So just vote to expect a 30% ROI and the problem is solved.

L


20 posted on 08/25/2016 4:51:34 AM PDT by Lurker (Violence is rarely the answer. But when it is it is the only answer.)
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To: Olog-hai

Unmentioned was a temporary underpayment. Like a tax surcharge, a temporary underpayment equitably distributed among all the pensioners until the crisis is past.

The temporary payouts will be sized to fit the available funds.


27 posted on 08/25/2016 8:21:17 AM PDT by bert ((K.E.; N.P.; GOPc;WASP .... We Frack for Peace)
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