Duh
- The head of a government watchdog group says Chicago aldermen and others aren’t doing enough to help end the city’s growing pension crisis.
Lawrence Msall, president of the Civic Federation, says he was surprised that City Council members, during their day of pension hearings this week, said it’s only state lawmakers who can help lower the city’s $17 billion in unfunded pensions.
Msall says the city could increase its pension contributions as one way to reduce the liability.
He says there is no one advocating for that in Springfield.
No shit Larry - that would mean having to cut a whole lot of entitlement spending that gets democratic politicians reelected. And raising taxes isn't very popular either. No wonder the aldercreatures claim only the state lawmakers can save them from this disaster - the same state lawmakers that have Illinois in hock to the tune of $88 billion or so.
Labels: pension
posted by SCC at 12:02 AM
18 Comments:
The double standard.
They'll demonize an individual for filing for bankruptcy protection and whine about them not being responsible as they should live within their means and pay their bills.
However when it comes to the city being responsible and living within it's means and honor its commitments Heh oh well all bets are off. They couldn't possible even try to make an effort to make up for the payments that they skipped. Nope, they want debt forgiveness.
It's like a penalty living in this state. Us taxpayers are always getting shafted
A big bag of pussies. I told you so.
rising up angry!
Vote NO on 49. Start telling your co workers, friends and neighbors.
The city can start with the 55mil stupid 9.5 Rahm wants to pay for Daily's wifes park then make him put in the 400,000 that he owes for one of his three pensions. Then take the money for the Northside bike lanes expansion and put that into the pensions. You will save a Northsiders life Rahm who may even be a Democrat.
the alderman did not only inquire about state help--- they also mentioned that police officers and firefighters should be paying more into the pension and the benefits should be reduced--- nobody says anything about all the money the city skipped out of paying into the fund--- nobody talks about how the pension fund is a little piggy bank for connected individuals to borrow from and lose even more money( little daley and vanecko)--- the alderman want to kick the can down the road by begging the state for help or getting more out of the employees--- the state is broke and we already give enough, time for the city to pay the fund what they owe it....
A question? Doesn't is also taken away the protections in the Illinois constitution about reducing and diminishing our pensions? If so this is VERY IMPORTANT, and we're all missing it
The Civic Fed is not a watchdog. They are corporate vultures. They want to strip our pension and use that money for more tax breaks for their blue chip business.
How long until this dysfunctional state (along with California) tries to get Obama to arrange some sort of bailout for irresponsible state governments? They will do ANYTHING but cut spending.
Michael Madigan caused the state issues---he is the single and consistent thread that sews all of the state problems together.
Rahm is trying everything to dodge the city's pension obligation. If the city doesn't come up with the scratch the state will do it for them starting in 2015. The city states that
would force them to raise property taxes 80-100%.
As a taxpayer I wouldn't welcome that but I would welcome the fact that the city would be forced to contribute their obligation. A long line of elected officials have been dodging this hot potato by spending the money elsewhere.
As Rahm likes to say "kicking the can down the road".
Well we haven't been kicking the can down the road with our contributions we've made them faifthfully.... the city Not so Much.
Rahm, you slippery. slimy weasel, it's time to make things right on the city's behalf.
Lawrence MsAll voted for Obama, then asked him if he knew that Tony Rezko was a crook.
"No wonder the aldercreatures claim only the state lawmakers can save them from this disaster - the same state lawmakers that have Illinois in hock to the tune of $88 billion or so."
This also takes the heat off of the city council-when the state raises taxes again (inevitable), they look like the bad guys.
the fed has bailed out ny a couple of times. potus sent 100 billion to the imf, to bail out europe. many billions to countries that despise us. its all very confusing. I guess the idea is they continue to like us?
theres only one way to get their attention. when you go to vote think of how they treat you. if your happy give them a vote, if not dont. only at the voting booth will they listen. start with your alderman and work your way up. if the alderman dont vote for his bills thats a start.
No small thanks to Thompson that signed the bill to allow pensions and the general fund to be combined. Both sides are ripe with assholes.
Anonymous said...
The Civic Fed is not a watchdog. They are corporate vultures. They want to strip our pension and use that money for more tax breaks for their blue chip business.
That is right! Civic Fed is NOT an independent watchdog, only call themselves that. Funded by blue chip business - nothing but lobbyists pushing for coroporate tax breaks. And Lawrence Msall has been campaigning for years to take away your pension benefitS! In a state full of hypocrites he is among the biggest -- financial handmaid to the corrupt Governor George RYAN, received world travel and educational benefits courtesy of the Illinois taxpayers.
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