Hey Taxman - Tell Me

I do not pay into the Social Security system at all. I pay into the State teacher's retirement fund instead. The only reason I will get any Social Security benefit is that I worked in the private sector for so long and did pay into the S.S. system. Even then, my Social Security benefit will be "adjusted" based on how much I am going to receive from the State retirement system. I don't really think that my Social Security will amount to much anyway and I probably will not realize nearly the income that just being part of Medicare will save me annually.
Currently, the State of Illinois is trying to cut benefits and increase contributions for my retirement fund. Since the 1960's when the fund was created, both parties have used our pension fund to balance the state budget and steal as much as they could from those that have worked all of their lives to build a small nest egg. Now the fund is $100 billion in debt and their only solution is to increase our contributions and cut our benefits. I have to wonder what we did wrong? Trust our elected officials? Yet all solutions to this problem seem to involve us paying more and getting less. If I were dependent of this fund for my retirement, I'd be pretty angry. I do know many people that ARE depending on this retirement fund and will be screwed if the changes go through. They will suffer for both parties cowardice and dishonesty. Whatever they decide to do, it will be challenged in court. Of course, the judges pension fund is the same as the teacher's fund but for some reason, the judges are exempt from any changes to the system. Hum? That seems like a pre-bribe if I ever heard one. The work hard and save for the future mantra in this country seems to all have been nothing but rhetoric.

 

WOW! That is what happens when you "Trust our elected officials".. Take heed for Obama and Obamacare.

BTW, I remember you saying how proud you were of the Illinois Democrats for "respect them for doing something to close the 13 billion dollar budget gap" by increasing their spending $700B. (And "Who cares, I just got a big raise. I can afford it.") All of this while pooh-poohing the Republicans who actually wanted to cut the spending.

 

http://cnsnews.com/news/article/ter...ome-taxes-bottom-40-paid-91-got-average-18950