tag:blogger.com,1999:blog-1797875972831999598.post4113326794268671618..comments2023-11-22T04:27:07.521-06:00Comments on glen brown: "Ignorance Is Biss"gbrownhttp://www.blogger.com/profile/13435049339082622611noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1797875972831999598.post-55629612773124967652014-12-08T19:20:29.639-06:002014-12-08T19:20:29.639-06:00"In order to save the pension fund, we had to..."In order to save the pension fund, we had to destroy the pension fund."<br />- D. Biss<br />Why did we lose in Vietnam? Among other things, the above paraphrase I attribute to Sen. Daniel Biss is based upon an anonymous major in Vietnam who said this about a Vietnamese village.<br />The reality is simple. Nothing is saved by destroying it. This is the realm of the bizarre. Biss is actually a toady for the wealthy thieves who wish to bleed the billions of dollars in the funds away from those who are legally owed those funds.Teachershttps://www.blogger.com/profile/11122053178544975314noreply@blogger.comtag:blogger.com,1999:blog-1797875972831999598.post-84013090163848120152014-12-08T13:48:44.557-06:002014-12-08T13:48:44.557-06:00Every interview, every article, and every legislat...Every interview, every article, and every legislative session about Illinois public pension reform should begin with these statements: The public pension systems were not, and are still not, the cause of the state’s budget deficits. The state’s budget deficits were triggered by past policymakers’ corruption, arrogance and irresponsibility. <br /><br />Past Illinois General Assemblies have created the severe unfunded liability for the five public employees’ retirement systems over several decades. The current state government has attempted to isolate and sacrifice one group of people for hardship and, for many of these public employees and retirees, create a dispossession by way of an intentionally-diminishing law while perpetuating special exceptions and windfalls for the wealthy elite. This is a mockery of justice.<br /><br />Illinois citizens are tired of those members of the Illinois General Assembly who lack ethical responsibility and moral courage; they are also tired of those members who are willing to challenge the State and U.S. Constitutions. <br /><br />It is critical that the Supreme Court Justices protect legitimate expectations and concerns of those citizens who need to be defended against excessive economic clout and inequitable schemes to pass prejudicial legislation that benefits the financial elite at the expense of everyone else. gbrownhttps://www.blogger.com/profile/13435049339082622611noreply@blogger.comtag:blogger.com,1999:blog-1797875972831999598.post-45431511650200211522014-12-08T11:39:29.732-06:002014-12-08T11:39:29.732-06:00An additional note about Secure Choice Retirement ...An additional note about Secure Choice Retirement Savings Program in Illinois or a defined-contribution savings plan: it is only a supplementary savings account. Furthermore, a defined-contribution savings plan is not guaranteed for life. The benefit ceases when the account is exhausted. There are no survivor or disability benefits and guarantees. The benefit is based upon individual investment earnings, where one assumes all funding, investment fees, and inflationary and longevity risks. A defined-contribution savings plan does not have the pooled investments, professional asset managers, and shared administrative costs that a defined-benefit pension plan provides.gbrownhttps://www.blogger.com/profile/13435049339082622611noreply@blogger.com