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Illinois Teacher Pensions

WildCat

NWO Master Conspirator
Joined
Mar 23, 2003
Messages
59,856
Well, none at all. Not on the right side of the border for that!
Don't let some silly rule stop you! Why should Illinois be the only state with $80 billiuon in unfunded state union pensions? Soon we will have no actual working employees of the state, and 100% of the budget will pay the pensions and health care of retired workers! Wisconsin should be as lucky!

I've pulled this conversation to this side of the Cheddar Curtain. Please keep it here amongst us FIBs, k?
Posted By: kmortis
 
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Don't let some silly rule stop you! Why should Illinois be the only state with $80 billiuon in unfunded state union pensions? Soon we will have no actual working employees of the state, and 100% of the budget will pay the pensions and health care of retired workers! Wisconsin should be as lucky!

And you think we should break our word, is that it?
 
It's inevitable.

Yeah, who needs to pay attention to the state constitution? If the politicians get their feet held to the fire on this one, then people will expect them to keep all their promises, and then it'll just be work, work, work all the time!
 
It's not moral or ethical.

Yeah, who needs to pay attention to the state constitution? If the politicians get their feet held to the fire on this one, then people will expect them to keep all their promises, and then it'll just be work, work, work all the time!
It's still inevitable. The politicians and the labor unions knew the promises made were too generous to be kept. No one gave a damn when the pension fund fell further and further behind, despite being propped up by borrowed funds. No one spoke up when what would otherwise be blatant fraud was actually written into law. This shouldn't shock anyone.

Pensions of retired workers already make up 17% of the budget, and nearly 100% of the recent income tax increase goes directly to pension checks. In 10 years it will be far worse.

Complain all you want, but it's inevitable. The money simply isn't there, and it's never going to be there.
 
If you promise the moon, can you deliver?

It does not matter what else we do without.

We made our solemn word and we need to stick with it.

If the GOP does not stand for keeping the commitments we the People make, then it is even more pitiable than I supposed.

If we want new hires to be subject to different rules, that is ethical. It is not ethical to strip retirees who have given their lives to public service of the pensions they were offered and accepted in good faith.
 
It does not matter what else we do without.

We made our solemn word and we need to stick with it.

If the GOP does not stand for keeping the commitments we the People make, then it is even more pitiable than I supposed.

If we want new hires to be subject to different rules, that is ethical. It is not ethical to strip retirees who have given their lives to public service of the pensions they were offered and accepted in good faith.
So let's cut nursing home care to the elderly and medical care for sick children to pay for pensions? Because that's what is already happening with the latest budget. It's going to get much worse.

I loled at the claim that these promises were made in good faith. Everyone knew they were unaffordable at the time. Tell us all abot how "the people" wanted union bosses to claim sity pensions based on a city job they held decades ago based on the hefty union salaries they collected those many years working for the union, not the city. How about those union lobbyists who stand to collect millions in teacher's union pensions because they worked as substitute teachers for one day? "We the people" had no say in that nonsense either. Such bills were literally snuck in legislation in the dead of night when no one was looking and today no one claims responsibility for doing it.
 
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So let's cut nursing home care to the elderly and medical care for sick children to pay for pensions?
You could tax the crap out of big-box stores or make them pay the total cost of any access roads and easements they need, maybe raise state income taxes as applicable.
 
You could tax the crap out of big-box stores or make them pay the total cost of any access roads and easements they need, maybe raise state income taxes as applicable.
We already raised income taxes 66% for individuals and businesses and have some of the highest property taxes in the country. Businesses are fleeing the state in droves, Illinois has one of the highest unemployment rates and we are expected to be the last state to recover fro the recession due to our poor business climate and huge unfunded pension burdens.

The money simply isn't there.
 
Here's the kind of stuff that happens in Illnois, thanks to the influence of public labor unions:
But Cross saved his harshest vitriol for the "mind-boggling" sweetheart deal for the two teachers union lobbyists. Steven Preckwinkle, political director for the Illinois Federation of Teachers, and David Piccioli, a fellow lobbyist for the group, took advantage of a small window opened by lawmakers that allowed the two to count their years working as union employees toward a state teacher pension once they each substitute-taught for a single day in 2007. Neither had prior teaching experience.

"The minute you cut that deal, your ability to negotiate for your union and for your teachers was over. Over," Cross said. "In essence, you were bought and paid for by this process. You could no longer be an effective advocate for the teachers of the state of Illinois."

Based on his salary history so far, Preckwinkle could earn a pension of about $108,000 a year — more than double what the average teacher gets — and both lobbyists stand to get more than $1 million each from a pension fund that has less than half the assets it needs to cover promises made to tens of thousands of public school teachers.

Preckwinkle and Piccioli are still on the job, but they might not be kicked out of the teacher pension system without a fight, because their spokesman, David Ormsby, said they are "reviewing their legal options." Ormsby said the legislation is "blatantly unconstitutional" because it reduces a legally granted pension in midstream, underscoring a long-held belief in Springfield.
http://www.chicagotribune.com/news/...on-abuse-reform-1130-20111130,0,4556267.story

And that's just the tip of the iceberg. Who were the lawmakers who snuck that in to score points with the unions? No one knows. No one knows who snuck in the legislation decades ago allowing union bosses to get city pensions based on their union salaries either. When public unions get too powerful the potential for such corruption is great.
 
It does not matter what else we do without.

We made our solemn word and we need to stick with it.

If the GOP does not stand for keeping the commitments we the People make, then it is even more pitiable than I supposed.

If we want new hires to be subject to different rules, that is ethical. It is not ethical to strip retirees who have given their lives to public service of the pensions they were offered and accepted in good faith.

No, the politicians made the deals.

Did all The People as you keep saying that pay taxes agree to the deals made between the Union head and the politicians?
 
Government is by consent of the governed.
Who introduced the bill allowing allowing union bosses to collect city pensions based on their salary as union bosses? Who introduced the bill allowing those 2 union lobbyists to collect teacher's pensions (based on their lobbying income of course) for subbig for one day?

Tell me who the governed can hold accountable.
 
We can hold ourselves responsible. This is the very basis of American civics here. This is not some new invention.
Pensions benefits are increasing at over twice the rate of the Illinois GDP. They account for 17% of the state budget which is already at a bloated 19% of GDP.

At the end of the day this is a math problem, not an ethics one.
 

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