Let’s wrap this up with a recent report that states government sector jobs in 11 U.S. states outnumber those with private sector jobs in 11 U.S. States. I am sure that you must realize that Illinois has the worst reported pension problem of any of the 11 states listed.
America is rapidly becoming a nation of takers. An increasing number of Americans expect the government to take care of them from the cradle to the grave, and they expect the government to dig into the pockets of others in order to pay for it all. This philosophy can be very seductive, but what happens when the number of takers eventually outnumbers the number of producers?
In 11 different U.S. states, the number of government dependents exceeds the number of private sector workers. This list of states includes some of the biggest states in the country: California, New York, Illinois, Ohio, Maine, Kentucky, South Carolina, Mississippi, Alabama, New Mexico and Hawaii.
In California, there are 139 "takers" for every 100 private sector workers. That is crazy! The American people have become absolutely addicted to government money, and it gets worse with each passing year. It would be one thing if we could afford all of this spending, but unfortunately, we simply cannot. We are drowning in debt, and we are stealing more than a hundred million more dollars from future generations with each passing hour. No bank robber in history can match that kind of theft.
Our state of Illinois has two choices: Gigantic increases in taxes or draconian reform efforts in the public pension system. Current politicians will never fix the problem. They have to continue buying votes of the moneyed special interest groups to stay in office.