How Obama contributed to Illinois’ pension crisis

October 7, 2012 By Editor 1 Comment

As an Illinois State Senator, Barack Obama and members of an Illinois lobbying group representing politically connected minority-owned businesses launched a campaign in 2000 to pressure state pension funds to help their friends and donors. Obama and his cohorts targeted state officials in charge of pension funds for teachers, police and firemen, and regular government employees.

Click here to read this article from The Washington Examiner.

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Filed Under: 2012 Election, Education, Public Pension Crisis, Top Stories Tagged With: illinois pension crisis, lobbyists

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The Public Sector operations with their 50% over staffing and compensation plus their millionaire pension plans are an absolute fraud on the backs of the taxpayers…the Public Sector Pension fraud has put a $50 Trillion obligation in the backs of the taxpayers…this corruption is managed and promoted by both parties as they are all beneficiaries of this fraud…there will never be a reform coming from the inside of this corrupt operation …the only resolution will come shortly as the default of this country will end this mess unfortunately at great pain to all the private sector workers who actually performed their functions and contributed to the nation…there is no doubt that any cannot afford to support 23 million millionaires…as you read any of the Public Sector Labor Agreements the fraud is in black and white …observe any of the negotiations like the recent CTU strike where the settlement was a 24.3% in salaries over 4 years with benefits over a 30% increase in costs to the taxpayers…the fraud is no limited to Chicago but can be seen in all municipal and state operations…fortunately this gravy train is coming to a dead stop…