In Case You've Wondered

My blog is where my wandering thoughts are interspersed with stuff I made up. So, if while reading you find yourself confused about the context, don't feel alone. I get confused, too.

If you're here for the stories, I started another blog: scratchingforchange.blogspot.com

One other thing: sometimes I write words you refuse to use in front of children, or polite company, unless you have a flat tire, or hit your thumb with a hammer.

I don't use them to offend; I use them to embellish.

jescordwaineratgmail.com

Wednesday, August 29, 2018

It's Called Betting

Chicago has pension woes. The city government, over time, accrued 36 billion dollars of unfunded pensions. With the ability to pay 21 cents on the dollar, the city is looking for another way to continue the madness.

After reading the article linked above, anyone with a little acuity will realize this is not different than borrowing money to use at the casino, where the gambling debt is already more than the money borrowed, and the outcome will only partially pay the debt. If the roll of dice is successful, everything gets better. If not, the knees might become a little sore.

Chicago is only one of the major cities in the U.S. with pension problems. For those that think they'll have the pension as planned, they might want to look at other sources of retirement income.

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