Illinois - save the pensions!

[Actor]

Originally Posted by Show Me the Wire

You asked if I could and I answered you. Did you mean to ask something other than you actually asked?

You got that from the Religion thread didn't you?

[JustRalph]

Those Delphi guys got screwed like Meghan Markle












Royally

[Dave Schwartz]

I have decided to be part of the solution and not the problem.

Here is my proposal. It comes in three parts.

1. Chicago should actually enforce its gun laws, searching house to house and confiscating every gun. (After all, they believe in this, right?)

2. Those guns would be transported to Texas for sale on the open market.

3. The proceeds would save the pensions.


(I know! I am a big thinker, right?)

And trickle down of this would be:

4. People would get a good night's sleep because Chicago would be so safe and the noise of firearms would be abated.

5. This would make people so kind during the day that all violence would stop.

6. Everyone would live happily ever after.


The End.

[davew]

I heard over $10K for every resident of Illinois is needed to save the pensions.


I do not understand this pensions stuff. Organizations pay people the rest of their lives for working for them for 20 years?

So the organization could be paying 1 worker and 4 retired workers that did that position in the past? How could this be economically sustainable?


Especially for declining businesses, like the USPS...

[mostpost]

Originally Posted by Tom

SCOTUS could rule any stupid think they want to - and have for centuries.
Citizens United and Bush v. Gore for example.

Pensions are not a right.

It may not be a right to have a pension, but if you have one you have the right to not have it stolen from you when you retire.

[horses4courses]

Originally Posted by Dave Schwartz

I have decided to be part of the solution and not the problem.

Here is my proposal. It comes in three parts.

1. Chicago should actually enforce its gun laws, searching house to house and confiscating every gun. (After all, they believe in this, right?)

2. Those guns would be transported to Texas for sale on the open market.

3. The proceeds would save the pensions.


(I know! I am a big thinker, right?)

And trickle down of this would be:

4. People would get a good night's sleep because Chicago would be so safe and the noise of firearms would be abated.

5. This would make people so kind during the day that all violence would stop.

6. Everyone would live happily ever after.


The End.

Illinois needs a wall around it to keep out guns from Indiana and Wisconsin.
Then they might actually be able to have some control of the situation.

[HalvOnHorseracing]

Originally Posted by Show Me the Wire

Do all companies stay in business forever or do they sometimes go out of business? Do companies restructure?

That's the point. You don't steal pension money deposited by workers in good faith.

If a company wants to take its own money out of the pension fund or stops paying out pensions to retired employees, the court can deal with it.

[Tom]

It may not be a right to have a pension, but if you have one you have the right to not have it stolen from you when you retire.

Agree 100%.
But your remedy is in the courts, NOT taxing others to make it up for you.

Sucks that people lose what they counted on, butsucks even more to steal it from someone else and be force them to be the only one losing in a deal they were never part of.

[Tom]

Originally Posted by horses4courses

Illinois needs a wall around it to keep out guns from Indiana and Wisconsin.
Then they might actually be able to have some control of the situation.

Indiana needs the wall to keep people from Illinois out of them.

So answer me this - if all those danged guns are coming from Wisconsin and Indiana, how come they don't have near the murder rate Chicago has?

[newtothegame]

Originally Posted by mostpost

It may not be a right to have a pension, but if you have one you have the right to not have it stolen from you when you retire.

Then please explain how all the funds that have been collected by SS will de dispersed properly back to those people.....
Seems the government is saying that SS wont be solvent but several more years....

[LemonSoupKid]

The real question is how long IL can kick the can down the road. I say mid next decade for one or two of those "pensions"

I'd gladly take a higher salary now with NO pension benefit if I were them. But the trick is that they need people paying in, haha, see how that works?

This is why a lot of police don't get fresh, new, blood a lot of times. You're going to go under fire from the citizens and lying media, then by the time you "retire" no pension that you contributed is there? So the current fat boomers can get paid now without worry? haha, good luck with that

[davew]

Originally Posted by newtothegame

Then please explain how all the funds that have been collected by SS will de dispersed properly back to those people.....
Seems the government is saying that SS wont be solvent but several more years....

don't you understand how Ponzi schemes work? the SS tax may have to go higher if not enough youngsters are working.... to pay all the oldsters

[Actor]

Originally Posted by newtothegame

Then please explain how all the funds that have been collected by SS will de dispersed properly back to those people.....
Seems the government is saying that SS wont be solvent but several more years....

https://www.socialsecurityworks.org/...three-minutes/

[Parkview_Pirate]

Originally Posted by Dave Schwartz

I have decided to be part of the solution and not the problem.

The reason I posted this thread is because the vast majority of us, regardless of their financial position, will be affected by the problem, because there is no workable solution. How it all plays out, and the particulars, is anyone's guess. My guess is that selling Chicago area residents' firearms in Texas would be of limited use, especially considering anyone who owns a firearm today may just want to hang on to it, if possible. I do appreciate your sense of humor and the accompanying irony though - you'll hear of many equally dubious and even more insane suggestions down the road.

Originally Posted by davew

...So the organization could be paying 1 worker and 4 retired workers that did that position in the past? How could this be economically sustainable?

It's not sustainable - thus a predicament, and not a problem.

Originally Posted by newtothegame

Then please explain how all the funds that have been collected by SS will de dispersed properly back to those people.....
Seems the government is saying that SS wont be solvent but several more years....

Good question. Like many pensions, especially the public ones, funds have been "diverted" from SS to other spending. Some folks have gone to court over that, insisting it was their "account" and arguing about benefits - to no avail. I should have mentioned that more senior citizens will struggle as benefits decline, or inflation kicks in. There are many in dire straits already.

Originally Posted by LemonSoupKid

The real question is how long IL can kick the can down the road. I say mid next decade for one or two of those "pensions"

FWIW, I believe many pensions will be blowing up prior to that - the only question is whether Illinois can get a Federal bailout by being first to the trough. And I believe the answer is no.

My best guess is that by 2025 or so the financial system will be in full on collapse. Whether that means a deflationary spiral where the insane levels of debt are defaulted, or whether that means hyperinflation and gas is $50 per gallon and a loaf of bread is $25, I don't know. Venezuela and Greece will have nothing on us....

[Tom]

Here is a thought.
Seeing how Chicago has put illegals ahead of citizens with their sanctuary city policy, let them apply to MEXICO for a bail out. I see no good reason the the Feds to send dollar one to those who have openly flaunted our national security. Let them eat road kill.