Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
Illinois taxpayers have guaranteed TRS a certain rate of return. Since TRS missed the rate of return so badly its time for taxpayers to pony up
Illinois taxpayers have done no such thing. They have guaranteed full payment of their pensions regardless of returns. If the pension fund runs dry the taxpayers guarantee that pension payments will be received. Rate of return is meaningless to pensioners and only matters to taxpayers.
they have done nothing.
They do not want to teach but they want a raise.
Nothing but a illegal Ponzi Scheme.
Tax payers will pick up the bill.