it's like hitting the lotteryToo many overpaid gov retirees.
All of which adds up to the reason Illinois is broke and nearly bankrupt.
Gee... If I had known; I would have gone into “public service” when I left the military; instead of working for a living. ;-)
This is insane. This is over 3 times the average income for people who DON’T have retirement benefits.
The level of destruction this wreaks on the private sector can’t be overstated.
You want to talk about income inequality? The end result is that through deficit spending and debts states/feds will never repay we’re pumping phony money into overpaid govt jobs that raise inflation for everyone else who earns real wages in the economy. It takes normal people making 30-50k a year and destroys the value of their dollar even more.
We’re making the jobs of those who actually produce anything (whether that’s physical production or ACUTAL service jobs that aren’t govt paid) worth even less per hour than the wage denotes.
This is crazy.
We literally have millions of government bureaucrats in this country who are economically gang banging Middle America.
Naw, You don’t get it. God put us on this Earth to pick cotton for them, just ask them.
it's like hitting the lotteryThis is also why gov shouldn't do charity, social security, etc.. Most money goes to the employees not to the "needy".
Would you donate to a charity that had about 90% administrative overhead? That's what you get w/gov.
In 1997, on the first day of what would end up being a 7 year contract with the US Feds, the 500lb Manager brought me into her office and proceeded to tell me exactly how much money she made and how many great benefits she had. She then lectured me as to why, saying “this is because it lures talented people (her) out of the private sector as public servants - and so that we are compensated as such!” Yeah, I knew the whole theory since age 8, so I just smiled and nodded. She turned out to be the most unethical and corrupt bureaucrat that I’ve ever known, just short of her bosses. She retired at age 57 and sucks off a comfy $45k per year while painting at her mountain cabin. (If the apocalypse ever strikes, i have a backup plan. :) )
Pretty sure I read an article a year or so ago that claimed the top 200 retired Illinois school bureaucrats will cost over a billion in pensions in their lifetime alone. The pensions for educators and the many double dipping educators is far beyond what the state can handle.
ping
Correction: Too much govt. Period.
I posted a story from Kalifornia yesterday
http://www.freerepublic.com/focus/f-news/3432702/posts
This all gonna blow sky high in Trumps first term.
Welcome to the “wonder world” of government unions!!!!!
All these governmental entities will be coming to the US government fro bailouts.
this is why the state of illinois is bankrupt. it is so bad they were asking people to take an iou for their lottery winnings. if people thought detroit was bad wait till illinois files for bankruptcy. it is beyond me why anyone is stil in the state. illinois the nutsack of america.
Socialism Is Legal Plunder - Bastiat