Letter: Pension reform will cost taxpayers
To the Editor,
In the news recently is the passage of a pension reform bill. If this doesn’t convince people that politicians are terrible stewards of taxpayers money, I don’t know what will.
The problem was caused mainly by the politicians not funding the plans over many years. They would have had to raise taxes to fund pension plans that most of us can only dream about, which would not have gotten them re-elected. This bill was passed to save their (politicians’) pensions and pass on some of the costs to the government workers.
Most of the costs to preserve the pension plans will be passed to us, the taxpayers. A $100 billion hole is pretty deep, and the few dollars more that the workers will contribute won’t do much to fill in that hole. We, the people, will do most of the shoveling. New taxes and fees are coming. You can count on it.
Gov. Quinn is fond of saying that he, and the legislature, are in public service. Pardon me, but the next time I hear him say that, I think I’m going to throw up.