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!
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.