Wednesday, February 10, 2010

Illinois Government State Pensions

A 2009 report by The National Taxpayers United of Illinois (NTUI) www.ntui.org/Pension_Payouts.pdf reports that 3,195 former Illinois government employees receive pensions of over $100,000 a year.

Surprising? No, not to me. In a Reuters New Release dated 12/8/09, "Moody's downgrades Illinois debt rating" general obligation bond rating from an A1 to an A2. Moody's also cut other Illinois ratings, affecting about $24 billion of outstanding debt, including the state's Build A Block, OPPS, Build Illinois sales tax revenue bonds, also cut from A1 to A 2.

Is it surprising that Illinois ranks in the top four of states LOSING population, maybe not, if you count the illegal tax COLLECTING people. With ACORN doing some of the counting in the big cities like Chicago, perhaps census figures will be reported higher than they actually are.

I note home sales are down 12 1/2% largely because people who would ;like to sell, have taken their homes off the market and people who are still trying to sell, can't.

No, I'm not drinking the K-A. Many discouraged people in the area are drinking stronger stuff than that.

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