Letter: Hold politicians accountable for pension fiasco
To the Editor:
Much has been written about the pension fund crisis, which came about because the state “borrowed” money from the state pension funds and did not pay it back.
When ordinary people borrow money and don’t pay it back, there are consequences. They go bankrupt, pay fines, put up their car titles or go to the homeless shelter. Ordinary people aren’t too big to fail.
I read that the late great state of Illinois needs a constitutional amendment to avoid paying its debt to retirees.
I read that the pensions of Chicago teachers are too big.
Chicago public schools fund their own pensions, so their pensions are not draining the state budget.
Anyone who thinks the salaries and retirement benefits of Chicago public school teachers are too rich can go and teach there.
What’s left if there are no pension funds? Some suggest 401(k) accounts.
When the bottom of the stock markets drops out, then what?
Social Security is also under attack. The average Social Security grant is $12,000 a year for women and $14,000 a year for men.
Can our congressional representatives live on that? Or are they too big to fail?
If you rob a convenience store, you go to jail. If you rob the nation, you get bonuses and your company gets bailed out.
One third of the children in DeKalb schools are poor or near poor, according to the Daily Chronicle.
Is America the Land of Opportunity or the Land of Them That Has Gets?
Throw the rascals out.
Rosemarie Dietz Slavenas