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Wednesday, August 1, 2012

Pension reform moves Evanston school officials to the right

Pension reform moves Evanston school officials to the right



How odd in the way we have reached this point from its humble beginnings.


If any of you happen to read this breakdown, please note, I'm just spit-balling the origination of pensions in not only public, but private sector industries. So here we go.

In the beginning when you held a full-time job, it was the union that took money from the employees and put it in a pension plan. Everyone was happy. During the flow of time, somewhere a meeting was held. The union leadership, politicians, bankers, and employers sat down and found a way of taking the pension funds gaining nothing but interest, and loot it.

All of them guessed that because there was so much for the taking it would be decades before anyone really caught on. What they didn't count on, was the greed factor. Greed was much greater than their imaginations could ever fathom. So when police, fire, teachers, etc, etc., woke up one day and said HEY! Where the hell is my money? The union leadership, politicians, bankers, and employers blamed the workers for being greedy, and having the audacity to ask for a measly cost of living adjustment. Which in layman's terms is called a raise.

Now caught, they scrambled desperately looking for more money to cover up the mess they made. They knew they had to replace all that they squandered, so they decided to play the old "Shell Game". They spoke among themselves, and decided to raise taxes on this, and that, but never once considered cutting their own double dipping pensions, or golden parachutes.

Maybe one day, the employees of public, and private sector industries will re-awake and decide among themselves, that they just may be better off, not putting funds in these Shell Games, and keep it for themselves in a savings account. Yes, it's a bit tricky for those with unions. They tell you if you don't kick in, you can't work here, or there. My counter, if I'm paying you dues, and decide my money would be better served in a savings account, that's my choice, and right. So take your dues, and back the hell off. In the private sector, you have the freedom to kick-in to the Shell Game, or not. So here we are with the unions, politicians, bankers, and employers deciding once again, how best to rake you over the coals.

Yes indeed how odd we have reached this point from its humble beginnings.

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