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    Way to go Chicago teachers

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    Deplorable Mark
    Chairman Reinsdorf

    Posts : 2628
    Join date : 2016-09-16

    Way to go Chicago teachers

    Post by Deplorable Mark on Fri Mar 30, 2018 8:50 am

    Just heard that despite the DOW gaining 25% in 2017, the Chicago Public Teachers pension unfunded liability grew by another billion.


    Way to go Karen Louis!!!!


    Now I know why some here think 2017 investment performance doesn't matter.  When your retirement is dependent upon a ponzi scheme, the only thing that matters is cashing out while there are still suckers pouring money into the pot.


    A sane state caps all public pensions at a combined $75K.  Anybody that has received over a million in pension in 5 years or less should be immediately cut off.  Those are the ones that gamed the system and created this mess.  Fuck them.  they should be happy they ain't in jail

    al in cal
    Al Smith's Beer Bath

    Posts : 158
    Join date : 2009-04-11
    Age : 72
    Location : California

    Re: Way to go Chicago teachers

    Post by al in cal on Fri Mar 30, 2018 9:54 am

    Deplorable Mark wrote:Just heard that despite the DOW gaining 25% in 2017, the Chicago Public Teachers pension unfunded liability grew by another billion.


    Way to go Karen Louis!!!!


    Now I know why some here think 2017 investment performance doesn't matter.  When your retirement is dependent upon a ponzi scheme, the only thing that matters is cashing out while there are still suckers pouring money into the pot.


    A sane state caps all public pensions at a combined $75K.  Anybody that has received over a million in pension in 5 years or less should be immediately cut off.  Those are the ones that gamed the system and created this mess.  Fuck them.  they should be happy they ain't in jail


    Yeah. California is in the same boat. ITs called the TITANIC:(
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    Deplorable Mark
    Chairman Reinsdorf

    Posts : 2628
    Join date : 2016-09-16

    Re: Way to go Chicago teachers

    Post by Deplorable Mark on Fri Mar 30, 2018 11:30 am

    Only difference is, people on your boat want to sail away from the Union.


    Illinois played it smart.  Unfortunately for US, the majority of US Citizens where to smart to elect the 2016 candidate that was NOT born in Illinois.  Otherwise, the most corrupt state in the Nation would be controlling the Federal government for 16 years instead of just 8.  

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