"an Illinois family of four now owes two and a half times more in unfunded government pension liabilities than they earn in household income"
This is simply not sustainable. With rising interest rates, I suspect many pension funds will become insolvent.
City of Chicago bonds were just upgraded to a BBB rating a couple weeks ago. I remember when they said MBS were AAA rated debt bc the underlying mortgages would not default.
A friend familiar with the Chicago pension system shared with me an interesting insight. He said that some police employees also take jobs with the fire department. The two departments work together jostling vacation time and schedules to allow these employees to work enough hours in each organization so they can earn a pension from both. I haven't tried to verify this, but it would not surprise me if true.
In my state of NJ, teachers are paid from municipal property taxes that fund county government. Knowing that the big responsibility of Board of Educations is to purchase school books, this may be the second biggest crime, right after the police. Trust me friends, the cops take the cake!
Rather than submitting piecemeal public records requests, what society needs is a publicly accessible database where employment information is automatically loaded by personnel departments: resumes, cover letters, job applications, copies of degrees, and verified work experience, because for some reason it's just as hard to fire a fraudulent public employee today as it was a million years ago. Link: https://localgovernmentfraudusa.quora.com/
And Biden bailed out all the broke states during covid, so they'll continue to bankrupt themselves and then come running to Uncle Sam when the scam is about to break.
Meanwhile, if you own a small business, and struggle without benefits like government-backed health insurance, when you earn a decent profit (even after years of struggling and near-bankruptcy episodes) they scream about whether or not you pay your “so called ‘fair share’”
Amen. The health insurance piece is the worst - small businesses are penalized at every turn. They even made us pay back our $756 in stimulus money which we were approved for because we somehow made $5k too much in 2021. And they even added a penalty and interest to it. How many billions of stimulus was fraudulently stolen from the US taxpayers and sent to Big Pharma, Big Tech, the medical industrial complex and overseas to foreign nationals? Makes one sick just contemplating it.
When I went thru the US educations schools system as a child, it left me totally deprived of any meaningful education so even though I got into Oberlin, I was totally unprepared to make any good use of it.
I have an incurable resentment for the dismal education or lack thereof I could get. As a child.
I was begging my teachers to teach me something, anything.
They'd laugh at me.
So being valedictorian meant nothing from an US education where one is not having a mechanism to learn anything.
But this did leave me basically ignorant of all real world affairs until like 2001,
When then I was forced to start teaching myself about the real world, thanks to Bonnie Faulkner guns and butter, and Michel choussedovsky
I doubt I'll ever get better math skills, although those improved as a supermarket checkout cashier.
I felt that a major potential in my life was
Lost for the most horrible and mostly missing education I got in America.
I doubt I'd even be able to read were it not for struggling thru books as a child without understanding.
America hates it's kids most of all, and I guess that explains our current needlerape child sacrifice, the saddest and most criminal scamdemic continues mostly unchecked
Luke 6:24 “But woe to you that are rich, for you have received your consolation.
1 Timothy 6:6 "There is great gain in godliness with contentment; 7 for we brought nothing into the world, and we cannot take anything out of the world; 8 but if we have food and clothing, with these we shall be content. 9 But those who desire to be rich fall into temptation, into a snare, into many senseless and hurtful desires that plunge men into ruin and destruction. 10 For the love of money is the root of all evils; it is through this craving that some have wandered away from the faith and pierced their hearts with many pangs"
Luke 18:25 For it is easier for a camel to go through the eye of a needle than for a rich person to enter the kingdom of God.”
Matthew 6:19-21 “Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal, but lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal. For where your treasure is, there your heart will be also.
Revelation 3:17 For you say, I am rich, I have prospered, and I need nothing, not realizing that you are wretched, pitiable, poor, blind, and naked.
It’s been 361 days since I moved from Chicago to Miller Beach in Indiana. Best decision I’ve ever made. Can’t wait to buy something in a few years for pennies on the dollar.
"an Illinois family of four now owes two and a half times more in unfunded government pension liabilities than they earn in household income"
This is simply not sustainable. With rising interest rates, I suspect many pension funds will become insolvent.
City of Chicago bonds were just upgraded to a BBB rating a couple weeks ago. I remember when they said MBS were AAA rated debt bc the underlying mortgages would not default.
A friend familiar with the Chicago pension system shared with me an interesting insight. He said that some police employees also take jobs with the fire department. The two departments work together jostling vacation time and schedules to allow these employees to work enough hours in each organization so they can earn a pension from both. I haven't tried to verify this, but it would not surprise me if true.
Most of the waste is from the police. Look what I found:
https://www.facebook.com/photo/?fbid=498362345674729&set=a.465620405574135
In my state of NJ, teachers are paid from municipal property taxes that fund county government. Knowing that the big responsibility of Board of Educations is to purchase school books, this may be the second biggest crime, right after the police. Trust me friends, the cops take the cake!
Rather than submitting piecemeal public records requests, what society needs is a publicly accessible database where employment information is automatically loaded by personnel departments: resumes, cover letters, job applications, copies of degrees, and verified work experience, because for some reason it's just as hard to fire a fraudulent public employee today as it was a million years ago. Link: https://localgovernmentfraudusa.quora.com/
And Biden bailed out all the broke states during covid, so they'll continue to bankrupt themselves and then come running to Uncle Sam when the scam is about to break.
Meanwhile, if you own a small business, and struggle without benefits like government-backed health insurance, when you earn a decent profit (even after years of struggling and near-bankruptcy episodes) they scream about whether or not you pay your “so called ‘fair share’”
Amen. The health insurance piece is the worst - small businesses are penalized at every turn. They even made us pay back our $756 in stimulus money which we were approved for because we somehow made $5k too much in 2021. And they even added a penalty and interest to it. How many billions of stimulus was fraudulently stolen from the US taxpayers and sent to Big Pharma, Big Tech, the medical industrial complex and overseas to foreign nationals? Makes one sick just contemplating it.
Pity citizens don't have a union representing them. As FDR noted public sector unions have no constraints.
The map doesn't work.
Adam, Illionis is cupcake, if you really want to have your mind blown look at NYS
This is unbelievable!
When I went thru the US educations schools system as a child, it left me totally deprived of any meaningful education so even though I got into Oberlin, I was totally unprepared to make any good use of it.
I have an incurable resentment for the dismal education or lack thereof I could get. As a child.
I was begging my teachers to teach me something, anything.
They'd laugh at me.
So being valedictorian meant nothing from an US education where one is not having a mechanism to learn anything.
But this did leave me basically ignorant of all real world affairs until like 2001,
When then I was forced to start teaching myself about the real world, thanks to Bonnie Faulkner guns and butter, and Michel choussedovsky
globalresearch.ca.
I doubt I'll ever get better math skills, although those improved as a supermarket checkout cashier.
I felt that a major potential in my life was
Lost for the most horrible and mostly missing education I got in America.
I doubt I'd even be able to read were it not for struggling thru books as a child without understanding.
America hates it's kids most of all, and I guess that explains our current needlerape child sacrifice, the saddest and most criminal scamdemic continues mostly unchecked
Luke 6:24 “But woe to you that are rich, for you have received your consolation.
1 Timothy 6:6 "There is great gain in godliness with contentment; 7 for we brought nothing into the world, and we cannot take anything out of the world; 8 but if we have food and clothing, with these we shall be content. 9 But those who desire to be rich fall into temptation, into a snare, into many senseless and hurtful desires that plunge men into ruin and destruction. 10 For the love of money is the root of all evils; it is through this craving that some have wandered away from the faith and pierced their hearts with many pangs"
Luke 18:25 For it is easier for a camel to go through the eye of a needle than for a rich person to enter the kingdom of God.”
Matthew 6:19-21 “Do not lay up for yourselves treasures on earth, where moth and rust destroy and where thieves break in and steal, but lay up for yourselves treasures in heaven, where neither moth nor rust destroys and where thieves do not break in and steal. For where your treasure is, there your heart will be also.
Revelation 3:17 For you say, I am rich, I have prospered, and I need nothing, not realizing that you are wretched, pitiable, poor, blind, and naked.
It’s been 361 days since I moved from Chicago to Miller Beach in Indiana. Best decision I’ve ever made. Can’t wait to buy something in a few years for pennies on the dollar.
Outstanding research. I wish you would open the books of Orange county Florida, Orlando, Florida. It would be fascinating.