-By Warner Todd Huston
My friend Lennie Jarratt was featured on Fox News Chicago last night. The subject was the $85 billion dollar deficit that the Illinois finds its public employee pensions confronted with. Fox News reports that every Illinois citizen would have to fork over $6,600 to instantly solve the problem. And what has caused this problem? Unions.
Lennie has some great lines in this piece and he’s right on. He is right that education in America has become “legalized theft.” Here are some of his main points:
- Getting a public sector job is like hitting the lottery
- The way schools levy is legal theft
- We have the highest property taxes in the Midwest
- Nearly all of the top 50 public sector pensions in IL are educators
- Killing jobs and forcing people to leave the state further cutting state revenue
- Within 4-6 years most public sector retirees are making more than when working
Illinois isn’t the only state in this union-made morass. Nearly every state in the union is in this mess.
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Fox News Chicago Digging Deeper on Illinois Pension Mess”
The California Teachers Association spent $211,849,298 on lobbying and political spending to get its way in California in 2009. Along with the CTA, the Calif. State Council of Service Employees and 13 other organizations spent a total of one billion dollars on political lobbying of the State House at Sacramento. All of these special interests have helped push California to the brink of insolvency.
According to the Pew Center on the States, Illinois’ public employee’s pension system is in the worst shape of all states. The Associated Press 