nat4900
Diamond Member
- Mar 3, 2015
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- #121
Illinois public sector union disaster.....
Why Illinois is Going Bankrupt TIME.com
Lawmakers promised more and more benefits to retired teachers, police officers, firefighters, and other government workers over the past decade; meanwhile, the pool of money to pay these pledges was neglected. The estimated shortfall of nearly $100 billion between now and 2045 is, believe it or not, a rosy scenario, given that a) it assumes robust investment returns and b) doesn’t include local pension disasters, like the estimated $20 billion hole in the City of Chicago system.
Typical R-Wer's response......NO ONE is stating that there are NO excesses with unions.......What even an idiot should not deny, however, is that without unions there would be NO middle class in this country....only an oligarchy or plutocracy.