Unions Ruining Illinois

https://grantcoulson.files.wordpress.com/2014/04/incentiveseverywherepicturecorrect1.jpg?w=444&h=288

    Do not think about, write about or deal with  human behavior without determining the effects of incentives.

     Wherein we see one of the shining lights of the labor movement which, of course, means the government labor movement because labor unions in the private sector are vanishing. A government employee incurs costs and does not add wealth. This cannot be sustained. The Detroit Syndrome is coming to Illinois.

Nick Sorrentino
Illinois Teachers to Taxpayers:
No money? Too bad. We want our $100,000/year pensions.

There are few states which to me embody dysfunction more than Illinois. The place is out of control. It is hamstrung by state employee and teacher unions which demand to be paid lavish pensions even though the state is effectively out of money and is clinging to its credit rating. If they are allowed, the Illinois state employee unions will hollow out the finances of the state (even more) and Illinois will continue down the path Detroit has already walked.

Some people think that just because a pension benefit was negotiated with politicians which were bought and sold by the unions, even though the pensions are completely unsustainable and will bankrupt the state, in a time when the country wasn’t dealing with an ongoing depression/recession, that somehow that means that pensions are sacrosanct. They are not. They have to be cut.

Illinois teachers work for the taxpayers not the other way around. The teachers and state employees are going to have to get used to this fact.

    (From The Washington Times)

    The group’s Labor Day report found more than 100,000 retired Illinois educators had been paid back what they invested into the system just 20 months after leaving work, a financial burden linked to union collective bargaining, which can cost taxpayers $2 million or more per teacher over the course of retirement.

<insert>

    The teacher “pays” for 20 months of the pension. The taxpayer pays the rest.

    “For most school districts pension payments are one of the top five annual expenses,” said Adam Andrzejewski, founder of Open the Books. “Are we going to educate children or provide lavish lifetime benefits for administrators and teachers? There’s not enough taxpayer money to do both.”

<end>

    The hammock of public service.

Government Job or Respect–Which’ll It Be?
Cheerio and ttfn,
Grant Coulson, Ph.D.
Author, “
Days of Songs and Mirrors: A Jacobite in the ‘45.”
Cui Bono–Cherchez les Contingencies

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: