So, before shedding a tear of praise and applauding the cheerful and blind optimism of the Obamas and the Obama third-term-wannabe, I want the grandparents, parents and teens in Detroit, Chicago, Spartanburg (S.C.), Houston, Greenville (S.C.), Atlanta, Saginaw (Mich.), Memphis and St. Louis (nine cities labeled as “war zones” by most) to grade Michelle’s self-proclaimed reason to exist. Have they “left something better” for your kids and grandkids?
Fast and Furious…IRS targeting of conservatives…IRS destruction of evidence in the midst of an investigation…Veterans’ Administration fabrication of evidence…Benghazi…Eric Holder perjury…GSA Las Vegas extravaganzas…Solyndra…New Black Panthers…release of convicted violent illegal aliens…then there is Hillary (private servers, destruction of evidence, lying to Congress and the FBI, extremely careless actions putting our nation and people at risk).
These plaintiffs alleged they were harmed; they sought their day in court; they had it; in 2006 they lost. The defendant, the employer of thousands of citizens, spent millions in fees and expenses on the case, and received no reimbursement upon prevailing, rather than having that money available for salaries and benefits for its employees, other benefits for its customers or the public, charitable causes and other good deeds.
Pension funds aren’t immune to the volatility of the stock market. Even before Brexit, Moody’s warned that low investment returns are already putting Chicago’s pension funds at risk. A major stock market correction or another recession just might put Chicago and CPS over the edge if their already-underfunded pension systems collapse.
Weak jobs numbers across the Midwest reflect the possibility of an oncoming economic slowdown. In fact, it would not be surprising to face a recession in the upcoming months, given that U.S. jobs growth has been weakening, and it has been seven years since the previous recession ended – a long period of expansion by historical norms.
Illinois AFSCME workers enjoy yearly wages of nearly $60,000 when adjusted for cost of living, in addition to Cadillac health care benefits. Most Illinois state workers will also get free health insurance when they retire, and career state retirees receive $1.6 million in pension benefits on average.