The Chicago Teachers union doesn’t just want 9% annual raises, they want that and even more – Wirepoints on The Shaun Thompson Show
Ted joined Shaun Thompson to talk about about the Chicago Teachers Union’s absurd new contract demands, why so many Chicago teachers are chronically absent, and Brandon Johnson’s failed first year as mayor.
Why don’t they ask the politicians what efforts they will make to resolve the under funded pensions. And do it at election time and see what their answer is. Don’t just blindly vote for whoever has a D in front of their name hoping they’ll fix it with money that’s not there.
Nope. No more funding for you. They play the role of “lower” paid public employees while receiving cadillac insurance and pension payments for the rest of their lives. They need to be happy they got away with it as long as they did.
Retirees exempt from paying state income taxes on their retirement income while begging for more funding (higher taxes on everyone else). Do they not hear themselves?!
How about a voluntary tax on retirement income in which all proceeds go to pension funding?
Sure, “voluntary” taxes sounds like a plan to me. What could possibly go wrong there? All you people feeling guilty for not paying enough taxes get in line. I don’t think you’ll have much of a wait to be signed-up.
Not all retirees have public pensions. Don’t even suggest taxing retirement income in this tax happy state as it won’t be limited to public pension beneficiaries.
What’s interesting is that if I move to Indiana and work in Illinois I’ll still have to pay income tax to Illinois. I would hope that the pension recipient that moves to Florida will have to pay income tax to Illinois on his pension.
“I would hope that the pension recipient that moves to Florida will have to pay income tax to Illinois on his pension.”
As it’s currently against federal law, you would need to convince legislators from states that are gaining pensioners that it’s in their best interest to let these new constituents pay taxes to their old state. Good luck with that.
The public sector unions have been backing and contributing for years to the same politicians they accuse of raiding their pension funds. Hard to feel sorry for them, it wasn’t difficult to see this coming.
How about if the public sector worker refunds the employer who in turn refunds the state for pay hikes that should have instead gone to better fund pensions? They will just say no fair. Perhaps the public sector employee can forego any legislative pension and retiree healthcare hikes that occurred while pensions were already underfunded? A typical response is it was all done legally. As it turns out, irresponsibly would be a more appropriate term than legally. As it doubly turns out, sneaky would be a more appropriate term than irresponsibly. As it triple turns out, Ponzi scheme hikes is… Read more »
I’d also like a refund from the United Auto Workers pension fund for their inflated pensions and wages. While we’re at it let’s roll back the pay levels for other labor groups as well. Let’s all voluntarily go back to the days when a dime and a dollar really had purchasing power. You can’t force public employees to do that nor can I force private employees to do that. What is IS.
The point was to put a historical perspective on the never ending pursuit of more taxpayer money for Illinois taxpayer funded Ponzi scheme public sector pensions. The UAW pension funds are private sector multi-employer pension funds, some of which received Federal government bailouts. How did a UAW pension fund receive your money in your example? You invested in GM stock, Ford bonds, purchased a Chrysler vehicle or auto part? Public sector pension funds are funded by all taxpayers contributing to the associated governmental monopoly (state, etc.). There is more competition in the private sector. So if the product, price, service,… Read more »
James – brilliant – what is IS. Let’s do get in the present. What is the solution to close the pension gaps in Illinois? More taxes? Even if they could be levied and collected, history reflects politicians just spend the revenue in other areas. Economic growth? In Illinois? I think the only way out is a federal bailout, so that means rather than irrelevant comments about the UAW, what must be defended is why citizens of other states must pay for the recklessness of Illinois government. Interested to hear your response.
I think you may also know that IL gets a far lesser pay-back percentage of the income taxes its citizens sends to the federal govt. than is the case in the majority of the other states. So, your argument that other states would be forced to pay for any federal help sent to IL in a crisis doesn’t carry a lot of moral weight with me. Helping the other fellow has been a hallmark of the American character much of the time. I don’t generally begrudge help we send to others elsewhere and find that part of your response a… Read more »
States receive federal aid based on need. Not all states needs are equal. Poor states with lower tax revenues tend to need more assistance. Declared federal disasters are not distributed equally. Many factors but obviously a return to states in federal dollars isn’t based on what was contributed. There generally needs to be a legitimacy for federal funding unlike stimulus money thrown at the wall. Most view Illinois public pensions as a self-created and perpetuated problem that responsible government should have addressed decades ago. Not some unexpected climate or pandemic disaster. Irresponsibly waiting decades until there’s no good solution but… Read more »
Well, I’ve lived a long time and have that seen federal economic relief sometimes is given to the same people or at least the same areas of population for the same type of natural disaster. As for IL I am thinking about some areas that are prone to flooding. You’d think that when a person’s home floods he’d move, but some don’t for a variety of reasons. No matter. They keep getting flood relief funds time after time. The same thing applies where hurricanes hit the east coast and fires rage on the west coast, I can deal with that… Read more »
“All Government employees should realize that the process of collective bargaining, as usually understood, cannot be transplanted into the public service. It has its distinct and insurmountable limitations when applied to public personnel management. The very nature and purposes of Government make it impossible for administrative officials to represent fully or to bind the employer in mutual discussions with Government employee organizations. The employer is the whole people, who speak by means of laws enacted by their representatives in Congress. Accordingly, administrative officials and employees alike are governed and guided, and in many instances restricted, by laws which establish policies, procedures,… Read more »