Money

Taxpayers Spend $86-Billion from the COVID-19″ Rescue” to Union Pension Funds

March 16, 2021 GEG 2

The $1.9-trillion Covid bill contains $86-billion for pension funds. NY Times: “The $86-billion is a taxpayer bailout for about 185 union pension plans that are so close to collapse that without the rescue, more than a million retired truck drivers, retail clerks, builders and others could be forced to forgo retirement income.”

Money

The Pentagon and HUD Took $21 TRILLION from US Taxpayers!

May 16, 2018 Catherine Austin Fitts 0

American taxpayers have been robbed of at least $21-trillion by the DOD and HUD, based on a study of the agencies from 1998 to 2015 made by a professor of economics at Michigan State University. Meanwhile, the government has failed to fund $5-trillion in pension obligations despite many opportunities to do so, concluding it is intentional and that it will cause a “crisis” that will increase taxes, including property tax.

Money

Illinois Proposes Plundering Homeowners to ‘Fix’ Pension Problem

May 14, 2018 ZeroHedge 2

Illinois has the highest property tax in the nation, with an average of 2.67%, and as high as 5% in some areas, yet the Federal Reserve Bank of Chicago proposed an additional 1% rate hike to cover the state’s underfunded pension problem. The revenue would help only five state pensions, while 650 county and city pension funds remain to be ‘fixed’. [God help property owners in Illinois.]