Angry thoughts went through my head as I signed my tax check to Illinois. We don’t have a budget. Legalizing marijuana is seriously being considered to bring in more revenue that will be an excuse to spend more. Every taxpaying 401(k) employee in the state owns a share of our enormous public pension debt. Lawmakers are getting fat and happy while Illinois’ finances deteriorate past the point of recovery.
America is getting old fast. Too fast. The most recent estimate puts the 65 and older crowd at 44.7 million.1 That number is on track to more than double to 98.2 million by 2060.2 Too many planning to hang up the working life have to ask a question that will decide whether the rest of their years will be spent in happy relaxation or greeting customers at the local discount store: how do I retire with no money?
Author’s note: On July 26, 2016 I had another chance to show my civic pride. Following this post are the things I learned on jury duty.
I laugh when people preach about civic pride and jury duty. Sure, being judged by an impartial jury is one of the good things about living in a country that values the rights of the individual.
Do you enjoy wasting your money? Everyone has opinions on what that means. Your idea of a good use for your paycheck might seem foolish to me. There is one thing we can probably agree on, though. We detest giving money to Illinois. Our state is far beyond the point where money makes a difference. It only serves to enable the same behavior that put us in debt.