A nice read for Cigar when he gets to "work" in the morning

[Mainecoons]

The state of Illinois faces at least $83 billion in unfunded liability between its five pension systems, and is on track to spend more on its government pensions than on education by 2016, a new study released by Governor Pat Quinn’s office says.
The state budget office conducted the study based on a “district-by-district analysis” if the state does not enact comprehensive pension reform, the governor said in a statement. Governor Quinn released the study a few days after calling a special session dedicated to pension reform on August 17.
Illinois faces severe underfunding in its pension system. It reported a funded ratio of 43.4%, way below the 80% considered healthy. Based on fiscal 2010 data, Illinois had the lowest funded ratio of any state, according to a June 2012 report by the Pew Center on the States.


Read more: http://www.foxbusiness.com/economy/2012/08/06/illinois-to-spend-more-on-pensions-than-on-education/#ixzz22nyaXYaI

Sure is nice of you folks to take such good care of your government "workers" there Cigar! It must be particularly conforting to you to see all that red ink after your income tax was raised 50 percent. Sure shows how good your ideas work. And how your union buddies screw you and the rest of the IL taxpayers.

:rofl:

[Goldie Locks]

Yeah and Cigar is much better off today than 4 years ago....:rofl:

[Mainecoons]

He may well be. I suspect he's living large on one of these "minority set aside" contracts the Feds waste quite large sums of money on annually. And of course he's worried because when the hammer finally comes down on all the deficit spending, he's screwed big time.

He's just trying to keep his sugar momma Federal Government going as long as possible. Can't blame him for that, it takes a much bigger person than he obviously is to recognize that the largesse and the blatant reverse racism from which he benefits so handsomely needs to stop.