March 15, 2014

"...and what are those pensions? Those are payments to people who are not working!"

Thus spake Rushbo, and behold, all his listeners nodded fiercely at their radios in rapt agreement.

Shorter Rush: Damn moochers.

Rush, on the other hand, collects a hefty paycheck for not working, making him the King Moocher of the Western Hemisphere.

In case you don't want to listen to the whole thing, the crux is this: Rush is on a tear because property taxes in Illinois may increase, and they may increase because of huge pension liabilities which have been accumulated over time. When cities and states do not make contributions for a number of years in order to balance their budgets by not raising taxes, those liabilities accumulate and the obligation is still there.

At some point the piper must be paid, but Rush would rather sit around, bash unions and working people for working all their lives and expecting to receive the pension they were promised in exchange for lower wages.

They really pay this guy millions for insights like this?

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