Didn’t I Already pay This Bill?


We’ve got a problem here in Illinois.  It’s unfunded pension funds.  In a nutshell, what happened was that tax money collected that was supposed to be earmarked for the pension funds was diverted to  the minutiae  that politicians often finagle for:  plug budget holes left by corporate tax breaks, funding of special pork projects, ‘expenses’ for legislators for whatever…and this has been going on about 20 years.  In addition to diverting funds collected,  the powers that be–apparently innumerate,  made  deals with hedge funds &  bond sales men, being promised a level of  return that not only didn’t stay flat, got to be negative due to fees…and now, we—again—have to pay.

Why do we have to pay again?  Because  public employees were promised pensions.  I don’t have a pension.  I’ve been self-employed most of my life, and I knew I’d have to take care of ME (again—why I  never had children), so I saved and invested.
But  these public employees were promised a pension…and…because they never paid into Social Security— they have no back-up.

Don’t get me wrong;  I do not feel ‘sorry’ for them that they made life choices to indulge themselves and not save  for the future. We don’t really know that.  They were told that if they worked at least a certain #  of years (is it 20?) they’d get a pension from the state.

I pity the employees who  just couldn’t take it anymore, or were otherwise dicked around, and  left those jobs.  Hopefully, they found other jobs  where the employers took out  Social Security.  But whatever. Our beef shouldn’t be with these employees (even if we do feel they are  over paid, underworked, and don’t deliver real service).  Our beef is with the politicians…but also the newspapers which endorsed them for election and re-election.

That’s right. The Chicago Tribune ran an editorial in the Sunday paper telling us citizens to look in the mirror if  we wanted someone to blame. Moi?  Why?  Did YOU—Chicago  Tribune—- and just about every other media outlet  not only  tell us we were irresponsible if we didn’t vote—and then ENDORSE these very politicians who voted to give themselves pay raises and divert the  tax money  from the pension funds?  We expected a free press  to be honest and give us information—not take the wrong side!

So  now our taxes—both income and property—will have to go up to make up for the shortfall…yet you all (politicians, the media…) still support  sports teams and artists (movie producers, festivals) with tax breaks, citing an amorphous economic multiplier!  chutzpah!

My only choice is to sell my home and move to a state that is better managed. but then, there is the issue of potable water.  We’ve known this was coming for over 50 years—yet our legislators have voted to allow fracking rather than give more tax incentives to renewable energy sources!

We citizens are a bunch of chumps.

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