Hey, taxpayer! You have magic powers!

SPRINGFIELD – Wouldn’t it be great if every time we made a bad investment decision a fairy godmother waved her magic wand and made those bad decisions disappear?

NOW YOU can make bad investments disappear!

Guess what?

You, Illinois taxpayer, are someone’s fairy godmother.

Even though teacher union representatives control the board that runs the Teachers’ Retirement System, the unions aren’t responsible for making up the difference when the board makes bad investment decisions.

If those investments don’t go well, they expect taxpayers to sprinkle cash like pixie dust and make their problems go away.

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  • Wolf

    The Public Sector Labor Agreements and their millionaire pension plans are the biggest fraud on the taxpayers…the millionaire pension plans have placed a $50 Trillion obligation on the taxpayers for the present 23 million Federal, state and local members…the already absurd pension plans get inflated by another 40% in the final years before retirement…and where to you get an investment that has no downside risk and pays around 8% a year…if there was ever a definition of fraud this Public Sector Plan is it…add to this the 50% plus over staffing and compensation levels and you see why the US will enter default even before the EU System…there is no taxpayer representatives in the entire Public Sector just examine the two party control and the selection of possible candidates…even in the Illinois Candidacy Rules a non-party Candidate must obtain more signatures than a party candidate…add to this the minimum window to apply and file and you see a rigged system that except for the appearance of two parties really does not allow for any outside competition…even the local school boards choose their candidates from the inside to make sure the bloated operations with budgets that are more 300% more than necessary will continue and the collusion between the Politicians and unions assures that ridiculous and needless mandates are established to provide cover for the massive fraud on the taxpayers…it clear that today’s system is worse than that of endured slaves because there was no chance of hope here the criminal acts are wrapped in endless lies of Public Service