"We Are One" Falling Apart?
We aren't sure who belongs to this organization, but it sure looks like everyone is jockeying for their own deals lately:
- Mayor Rahm Emanuel’s administration is closing in on a pension deal with unions representing building trades and white collar employees that could strengthen his hand with police and fire, City Hall sources said Thursday.
Neither the city nor the unions whose members draw their retirement checks from the Municipal and Laborers pension funds would discuss details of the framework, for fear that it could fall apart before the Illinois General Assembly has a chance to approve it.
The Chicago Teachers Union was “within hours” of a pension deal with the Chicago Board of Education, only to see it “fall apart at the last minute,” the sources said.
But sources said the talks between the Emanuel administration and unions representing building trades and white-collar employees heated up earlier this month after Moody’s Investors dropped Chicago’s bond rating another notch, citing “massive and growing unfunded pension liabilities” that “threaten the city’s fiscal solvency” without “major revenue” and budget cuts in the near term and for years to come.
So if these unions opt to make a deal with the devil, have they effectively removed themselves from the constitutional battle that is sure to follow any "reform" that reduces agreed to benefits? Andif these groups were part of the "We Are One" coalition, what happens when it becomes "We Are Many Disparate Interests Selling Out Each Other?"
Labels: pension
posted by SCC at 12:02 AM
126 Comments:
Anyone ever stop one of these idiots only to look at a City ID and be told, "Hey, I work for the City." Or you are writing parkers and see a car with a City vest over the steering wheel or something similar?
Do your job ladies and gentlemen.
How about we (FOP and PBPA) just sit on our hands and see how they screw us.. THEN sue due to the fact they are diminishing our constitutionally protected funds.
THEN, tear down the new DePaul arena and stick it up Mayor 9.5's ASS.
Heard an awful lot on this blog about another "deal with the devil." Let's hope the membership was smart enough not to vote for anybody making these kind of deals. Let's hope even more that next president puts every effort possible into this upcoming pension fight. Let's hope dougherty wins.
Y'all will loose...anyway you cut it.
Only millionaires get to keep their money.
Why not just deal with and put your trust in the good intentions and honesty of the Mayor. He is trying to do what is best for the City and taxpayers. Be open minded and he will make you a deal your union can't refuse.
I have heard officer's in my district who say they are willing to give up our medical and raises in favor of pension. While I worry about our pension as well, I am NOT willing to give up a damn thing. Stick together people! This is what I hate about other coppers, it's all about ME and not about US.
"Emanuel, who faces re-election in less than a year, wants the General Assembly to put off the balloon payment until 2023 to avoid raising property taxes so high that it triggers an exodus to the suburbs."
---------------------------------
Too late. The death spiral is speeding up. Pretty soon everybody will know what Daley knew when he quit -- the debt is just too big and the middle-class chumps have no more bankroll.
Off topic anybody know who's replacing tracey?
Divided we fall.
Stick together and hold out as long as we can. Either way we are screwed but I'd hate to go down without a fight.
They can still be in it, they just can't sue the city for anything they already agreed to.
What should concern most people is whether or not the teacher's union was about to sell out their members and the rest of us all by accepting any diminishment in their benefits, which includes paying more into the fund.
Whatever the deal was, if there truly was one, it was surely going to destroy Karen Lewis' reputation amongst her people.
Our bottom line in this is, OUR union better not even think about giving up a fucking thing to this cocksucker just because he can threaten everyone else with privatization. The only reason these other pissant unions caved is because they can all be replaced by private companies and they knew it.
They caved thinking it's all over for them now, but as soon as this shitstick has the entire city shitting on themselves and paying most of their theft of our money off on our own backs, Emanuel's gonna go try and steal the rest of it in the legislature anyway, and they'll be back in court again.
This get's solved NOW, IN COURT, and it's over.
We don't cave in to this shitheel's demands because the LAW protects us and he knows it.
And they're well aware no constitutional amendment is gonna ever pass if they attempt to put it on a ballot.
This is no war, the law protects our pensions, only a fuckstick union would shit all over their members right about now.
And speaking of which, no union is supposed to have the authority to unilaterally decide on pension changes, their membership has the right to VOTE on any contracts signed off on with the city.
So, regardless of whatever bullshit the times is trying to propagandize to help out Emanuel, each union's membership is gonna have to agree to in en masse.
And as I said, only a fucktard would even think of it because the lawsuits already filed will uphold our rights. And that's what they're desperately trying to snuff out right about now, because they know they already lost and there's nothing they can do.
Here's some of the members...
AFL-CIO
Illinois Federation of Teachers
Illinois Education Association
American Federation of State, County and Municipal Employees (AFSCME) Council 31
Service Employees International Union (SEIU)
A real who's-who list of scumbags who support Democrats
Hey media trolls, why don't you check the politicians pensions and how they are funded and at what percent funded and why the mayor does not take out loans and borrow from those funds? Come on BGA, Pam, Mark do some real reporting.
How about we (FOP and PBPA) just sit on our hands and see how they screw us..
Bill Dougherty tried that with Shields . . . How's that working for you?
We've already gave concessions. new hires have to work until 55. There's no cola until you're 60. The only thing left, is to increase the age of active employees from 50 to (55-58) most of whom stay to 55 anyway. Fuck him. Our unions better start speaking up.
Shitstick?
Fuckstick?
Fucktard?
A man child on the computer at 2:45 am..lol
Daley is the one who created all this debt. Oh and by the way if you remember how the Wards voted, every Ward north of midway airport voted for Rham...way to go coppers and firemen.
Oh wait sorry coppers you guys don't vote my bad.
" Constitutional battle"-- no such thing. Please do not tell me you believe that the Pols follow any laws. By the way, who puts those in that decide the constitution?
Federal Bankruptcy court does not give a sheet about state constitutions. Just ask Michigan about Detroit.
Anonymous said...
"Emanuel, who faces re-election in less than a year, wants the General Assembly to put off the balloon payment until 2023 to avoid raising property taxes so high that it triggers an exodus to the suburbs."
---------------------------------
Too late. The death spiral is speeding up. Pretty soon everybody will know what Daley knew when he quit -- the debt is just too big and the middle-class chumps have no more bankroll.
3/29/2014 12:43:00 AM
@@@@@@@@@@@@@@@@@@@@@@@@@@@2
But they keep on spending that money they do not have!
It's so important to not give in. When it goes before the Supreme Court and we win. Those who sold out will be crying. They won't be able to go back because they signed an agreement and the Police and Fire will be sitting pretty. Let's win this one. Stick to our guns. FOP are you listening.
The solution is simple. Just raise everyone's taxes. Sales tax can stand another 2-3% raise, income tax could be raised about 20-25% and property tax is good for at least a 30% increase. Problems solved. Lets face it most people have too much free money they spend on stuff they really don't absolutely need. New cars, jewelry, more clothes than they need, eating out, big TVs, stereo systems. Folks ya don't all that bling. Give the city, state and feds the tax dollars they need to operate, and to take care of the poor.
What's new? Unions have always sold others out and within unions senior members sell out the newcomers. Everyone has their hand out and it's "me first."
Divide and conquer.
Rham has to fix this pension mess fast because he promised principle Dozier money for her children at Fenger. Don't you watch Chicagoland.
There is also the theory out there that a union cannot bargain over pensions on behalf of it's members as the pension contract is between an individual and the fund. It is not between the union and the fund. The individual could theoretically sue the union and the fund for any deal made on his behalf. It would likely be tied up in court for years.
More shared sacrifice....
Robert D. Marcus became chief executive of Time Warner Cable at the start of the year. Less than two months later, he agreed to sell the company to its largest rival, Comcast, for $45 billion.
For that work, he will receive nearly $80 million if the deal closes, a severance payment that amounts to more than $1 million a day for the six weeks he ran the company before agreeing to sell.
http://dealbook.nytimes.com/2014/03/20/for-time-warner-cable-executives-billowing-golden-parachutes/?_php=true&_type=blogs&emc=edit_th_20140321&nl=todaysheadlines&nlid=28596669&_r=0
The city, so far, has refused to sit down with the FOP and PBPA even though numerous requests were made to meet about the pension issue. My belief is that the city will try to make deals with all the other unions, then try to ram down a bullshit reform model down the throats of the police. It will be a very rough ride people.
Anonymous said...
Anyone ever stop one of these idiots only to look at a City ID and be told, "Hey, I work for the City." Or you are writing parkers and see a car with a City vest over the steering wheel or something similar?
Do your job ladies and gentlemen.
Hey Jack Ass!
I'm a city inspector and cops are the same way. they are quick to tell you "I'm the Police and flash their badge.
Well guess what?
I've also a badge and my tickets are five times higher fees,than you regular traffic violations.
But, 99.9% of the time,I'll give them courtesy, due to a brotherhood employment.
STOP being an ASS$%^^E!
Think about it next time you pull over someone and show you their City ID.
Y'all will loose...anyway you cut it.
Only millionaires get to keep their money.
3/29/2014 12:22:00 AM
Enough with the class envy. I am so tired of you whiners complaining about what everyone else has. You want more? Work harder.
I have had enough of you guys "Occupying" this blog.
Too late. The death spiral is speeding up. Pretty soon everybody will know what Daley knew when he quit -- the debt is just too big and the middle-class chumps have no more bankroll.
3/29/2014 12:43:00 AM
I agree. You can rely on your " constitutionally protecte pension rights" all that you want, but unless there is reform, and that means diminished benefits for all, the well will go dry and you will get far less. That is the reality, that has been documented by independent actuaries over and over. The well is going dry and the middle class is taxed to death ( for the schools mainly) and they really don't care about your pension.
Off topic anybody know who's replacing tracey?
3/29/2014 01:00:00 AM
--------
Andy Sipowicz from NYPD Blue.
At least we can laugh at him when he's drunk at Compstat meetings.
Anybody willing to give up medical obviously has never had a serious illness - racking up 100k in medical bills is real easy!!!!!
"We Are Many Disparate Interests Selling Out Each Other?"
That pretty much sums up the Rank & File of The CPD.
The City Colleges of Chicago, which can spend hundreds of millions to replace college buildings that are less than fifty years old (for example, Kennedy-King and Malcolm X) cannot find funds to pay their faculty. Sixty percent of CCC college classes are taught by poorly paid part-time faculty members. The last union contract expired in the Summer of 2012 and the administration of Cheryl L. Hyman, a former bankruptcy case with no higher education background plucked from ComEd, can redecorate her office, hire security guards for her own use, give substantial salary increases to the do nothing college presidents that are her minions, increase the administrative staff at the district offices by 40%, and claim that there is no money to pay faculty members.
The City Colleges is committed to spending $215 million to rebuild Malcolm X College (the old building opened in 1971) to serve as the primary Nursing program in the college district. This decision was made despite the fact that the Nursing program at the same college has been on probation for five years because less than fifty percent of the graduates can pass the licensing examination.
Off topic? Why should I care? Take a look at your property tax bills. Community College District 508 (the City Colleges of Chicago) is taxpayer supported. Guess what? Rahm Emanuel appoints the entire Board of College Trustees and rehired Hyman the bankrupt to waste your money.
Now, you know why Johnny cannot graduate.
"How about we (FOP and PBPA) just sit on our hands and see how they screw us.. THEN sue due to the fact they are diminishing our constitutionally protected funds.'
Good Luck w/ that.
Let us know how that works out for you,Dick w/Ears
The DePaul basketball team has been losing for quite a few years and attendance is dwindling. So let's spend Chicago dollars to build a new stadium for a team with a declining number of fans.
It is going to be beautiful to see all the rows of empty seats once this arena is finished.
Get it through your heads, the pension will not stay in its present form. You are going to have to take a haircut , just like every other American.
We should all be aware that there are only 4 city unions - these 2 they are talking about - then police, fire.
Read up on this stuff - Daley had some commission do a report - that's the one that concluded they could mess with the pension of current cops/ fireman - and that it would be A-OK constitutionally.
State Senate President Cullerton disagreed with that conclusion (and most do disagree with that conclusion). They can't mess with what they call our 'future benefits' Arizona has a state constitution like ours and their Supreme Court goes along with Cullerton.
One other thing in that report - the city is NOT on the line for our pensions - I am not sure exactly what this means but that is what the report said - the pension fund alone is responsible for payment - again, not sure exactly what that means - but, it seems we are going to be on the hook for upping our contributions if we want a pension. They can't force us to change it - but we are going to have to do it 'willingly.'
The unions pushed to have the Democrats elected, this is the payback. VOTE for anyone but a Democrat!
If our pensions change drastically then we need to challenge the residency rule, just like Pitt PD did.
Anonymous said...
Y'all will loose...anyway you cut it.
Only millionaires get to keep their money.
3/29/2014 12:22:00 AM
I wish you the best on your climb out of poverty
Thank God for D-comp (457 plan) Maxed out in High risk since the mid 1990's!!$! Let it roll boys you cant beat Compounding Interest. Its like rolling a snow ball down hill.
Let's hope dougherty wins.
3/29/2014 12:09:00 AM
Yeah, right. Listen dips hit, of all the major unions involved in WR1, Chicago FOP is the only major union in the fight. Chicago Teachers Union doesn't even show up on the list.
If FOP 7 makes any back room deals, it comes to US to have to ratify, they don't have the authority to let it ride on their own sayso
Additionally, if FOP 7 makes any back room deals before this lawsuit is won, FOP 7 should be de-certified and another entity erected to take their place.
FOP 7 better not even think about talking to little shithead boy about altering our fucking pensions one iota.
Our pension deals are done. They're signed and finished. We will never get another enhancement again, but we will never take a single diminishment of our pensions either, no matter what happens.
Emanuel has NOTHING to bargain with with CPD and CFD. We already get shit COLAS of 1.5 only AFTER we reach 60, so there's no money to take there.
There's absolutely NO "givebacks" this shithead could "bargain" for with us because there's nothing he can offer to us to balance out any additional theft. So with CPD and CFD there's nothing he can do but TAKE, and we ain't going for it.
Emanuel cannot legislate to fund the City's share of pensions any more than they already are required to.
And laws mean nothing to fuckers like these, they just shit out another chunk of paper and erase any laws that stand in their way.
So FUCK Emanuel, he's got nothing to offer, other than to pay what they fuck this city owes us and move the fuck on, because the constitution has the last say. And he knows he'll never succeed at changing the constitution again.
Other than that, file for bankruptcy motherfucker, we'll be better off when the smoke clears than letting this shitheel get us to willingly fuckourselves now then have to fight it out later.
The fight is in progress. We give up nothing.
You mention striking a deal with the Devil.
With Rahm it's the Devil on steroids.
That slimy, rotten asshole has an over the top disdain for public service workers and is Hell bent on screwing us any way he can.
He's only got his own best interests and his big business brethren's interest in mind not ours. He's a lying, thieving maniacal sociopath running this city into the ground.
We'll said SCC
I can only hope the union officials do not sell their soul like the last negotiation.
It truly was amazing how Daley had his fingers in everything
Is this like that "great" deal Rahm orchestrated with the Sgt's union? Before the members bitch slapped Ade n Rahm with their votes??
Anonymous said...
I have heard officer's in my district who say they are willing to give up our medical and raises in favor of pension. While I worry about our pension as well, I am NOT willing to give up a damn thing. Stick together people! This is what I hate about other coppers, it's all about ME and not about US.
3/29/2014 12:41:00 AM
"Stick together"?? Ha!!!
We can't even "stick together" to send a message and save our jobs by keeping the scabs from working VRI and CTA!
Stick together indeed.
A real who's-who list of scumbags who support Democrats
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Ok, I read Shit like this here all the time. I am not a democrat or republican. I vote for people who are not jag offs, or the lesser of the two. I really need to know, why do people on this blog repeatedly (blindly it seems) throw out republican support??? They will take EVERYTHING FROM YOU! And they say it to your face. Wtf. I can't stand extremists on either side of the isle. Somebody who repeatedly supports the republican party explain to me why. I am calling you out. Convince me. Dillard I voted for, Rauner is a piece of shit. Anyone that spends 6-8million of his OWN money to become governor has got a back door deal set. Why would he risk such a great investment if there if no big return???? Right, he just wants to serve the good people of Illinois blah blah. Keep repeating this rhetoric all the way out of our EARNED pensions!
One for all. All for one. Every man for himself.
But did not the police and fire go out on their own and introduce the legislation that left the other unions behind? What do you expect the other unions to do then?
The law for funding the police and fire pension will be changed when the powers to be see the opportunity.
Don't fall for the smoke and mirrors. Revenue will be increased immediately after the unions take concessions. Casino will open and marijuana will be legalized and taxed in 2 or 3 years. There will be a windfall of money. Don't get scared by the bullshit cry of we're broke. We just have to stand up to the bully!
The young cops are going to have to work longer sorry hair gell.
Anonymous Anonymous said...
"Emanuel, who faces re-election in less than a year, wants the General Assembly to put off the balloon payment until 2023 to avoid raising property taxes so high that it triggers an exodus to the suburbs."
And Preckwinkle will be the next Mayor.....she is ahead in the polls. Goodbye Rahm. Goodbye Gary.
2:54 AM. Hit the nail on the head my guy. Love to see "Proud to be union" still on front lawns of teachers' homes on my block. They have NO idea about a union and they can be easily replaced by another CPS High School graduate. Maybe even ole girl who drove CTA train up escalator at O'Hare while she went nite nite again. BTW CPS graduate. Fuck Tiny Dancer. Know he's fucked and picking on the weaker unions who can replace their employees with a halfway intelligent 4 legged puppy dog.
Anonymous said...
Off topic anybody know who's replacing tracey?
Not yet, in the interim Dep Director Rose Sprinkle will be filling in. I doubt she will keep the position though, not big enough to fill those shoes.
This really shouldn't surprise anyone. Union solidarity died long ago. My father, who was part of the IBEW, worked for Midwest Generation and when they went on strike back in 2001, the pipefitters and several other trade unions crossed their picket lines almost immediately.
First Raccoon Eyes tried getting the sergeants to go along with his bs and now he has the civilian workers union in hand. Doesn't mean he can do the CFD and CPD. Stand together and fight this arcehole.
Anonymous said...
Y'all will loose...anyway you cut it.
Only millionaires get to keep their money.
3/29/2014 12:22:00 AM
and the world will be underwater in 15 years when all the ice melts
Tell your fop reps that your not willing to give up anything. In fact tell them we want more more and even more
Can I just take my contributions out of my pension and refuse to stay out of it? I feel as if I'm shoving money into a garbage disposal. I rather just take my chances in the private financial firm. Keep the interest earned and charge me some fees but can I have my money now and not invest into they pension anymore?
Pretty please? I'll pull more event numbers! I'll look for more parking violations! I'll contact card everyone!
Do it for the kids!
Give me my money!
The one bad trait that we have is that we don't stand together. I re member when we gave up free health care because of the up front money waived in front of our noses and the promise that the health care would only cost so little we wouldn't even notice. The ol' timers in the districts warned us of what would happen once we opened Pandora's Box.
They were right. Take the time to see what lies down the road. Once something is given up, you never get it back. Let's hope we vote for a president that will finally fight for our constitutional rights.
That's the problem we cannot agree to stick together to stop these politicians who are laughing at us as we speak there is power in masses but we can seem to get our shit together. To many ego's.
We Are One, until the money runs out. Then its everyone for themselves, including the taxpayers. Nobody's pension is guaranteed no matter what, since there has to actually be money to pay out on it. The constitution may say that pensions can't be diminished, but until the constitution can somehow provide the funding, its nothing more than words on a paper.
Anonymous said...
Anyone ever stop one of these idiots only to look at a City ID and be told, "Hey, I work for the City." Or you are writing parkers and see a car with a City vest over the steering wheel or something similar?
Do your job ladies and gentlemen
Don't blame the rank and file..This bullshit happens all the time with these fuckin trade unions,they tell the membership one thing then turn around and do the opposite.They are all in bed with the Administration.I honestly hope the CPD & CFD Unions stick it to this 9 1/2 fingered midget. SEIU&AFSCME ARE THE BIGGEST SELLOUTS !
O/T
FOP in Colorado
http://www.denverfop27.com/colorado-fop-offering-expanded-legal-services-plan-to-members
This little prick Mayor is trying to make it look like the Police and Fire pensions are the problem and that we will bankrupt the city, Well if both of these pension plans were ran the correct way and our past mayor Stroke Boy Richie would not have stolen from them with the OK of both Pension Boards then we wouldnot have to worry.
SAw Emanual on his CHICAGOLAND program, sure looks like he is sucking up to the black community, looking for help with their votes for next election, he is SHITTING BULLETS knowing that a plan is being formulated by the black politicians and the white liberal progressive people to slat Preckwinkle. She will beat him, Anyone but Rahm should be the next campaign slogan and bumper sticker.
Anonymous said...
I have heard officer's in my district who say they are willing to give up our medical and raises in favor of pension. While I worry about our pension as well, I am NOT willing to give up a damn thing. Stick together people! This is what I hate about other coppers, it's all about ME and not about US.
3/29/2014 12:41:00 AM
Never give away anything! NEVER! Never believe them. Why would anyone believe that giving something up to fix the pension will actually happen? Who in their right mind would believe anything they say? Just look at history. They have no intention to fix the pension. No matter what deal is made, what do you think the status of the pension fund will be like in 10 years? It wouldn't matter if we all put in 50% of our pay. The fund needs a lot more than that. Politicians messed up the fund not us, so lets not fall for more lies. Stay together and stand firm!
>>>Anonymous said...
Y'all will loose...anyway you cut it.
Only millionaires get to keep their money.
3/29/2014 12:22:00 AM<<<
Correction: (Not the original writer)
Only millionaires get to keep OUR money.
Off topic anybody know who's replacing tracey?
Not you
How about Welfare, Food Stamp, Entitlement and SSI Cuts, plus Gold Braid Pension Cuts and cuts to Alderman's and other Politicians Pensions first, if we're gonna talk cuts at all . Lots of ways to raise Revenue for Chicagoland, except that the Democrat Politicians are too Lazy, conniving, and stupid to come up with them.
Read "Retirement Heist" by Ellen Schultz, this was a pay as you go deal. The city has not been paying and has already saved themselves the expense. The crisis has been created, we are the fall guy to the public. All a big game where they plunder and profit and make up the numbers. Rahmfather can't break a meter contract how in the hell do we just give in on pension benefits?
Anonymous said...
The City Colleges of Chicago, which can spend hundreds of millions to replace college buildings that are less than fifty years old (for example, Kennedy-King and Malcolm X) cannot find funds to pay their faculty. Sixty percent of CCC college classes are taught by poorly paid part-time faculty members. The last union contract expired in the Summer of 2012 and the administration of Cheryl L. Hyman, a former bankruptcy case with no higher education background plucked from ComEd, can redecorate her office, hire security guards for her own use, give substantial salary increases to the do nothing college presidents that are her minions, increase the administrative staff at the district offices by 40%, and claim that there is no money to pay faculty members.
The City Colleges is committed to spending $215 million to rebuild Malcolm X College (the old building opened in 1971) to serve as the primary Nursing program in the college district.
3/29/2014 09:04:00 AM
St Ignatius, only a high school, gives their kids a better education than Malcolm X College in a building opened in 1869. You read that right, 1869. How is that?
Anonymous said...
Anyone ever stop one of these idiots only to look at a City ID and be told, "Hey, I work for the City." Or you are writing parkers and see a car with a City vest over the steering wheel or something similar?
Do your job ladies and gentlemen
Don't blame the rank and file..This bullshit happens all the time with these fuckin trade unions,they tell the membership one thing then turn around and do the opposite.They are all in bed with the Administration.I honestly hope the CPD & CFD Unions stick it to this 9 1/2 fingered midget. SEIU&AFSCME ARE THE BIGGEST SELLOUTS !
3/29/2014 01:43:00 PM
Hey, we are the rank and file also and we are getting fucked. Let their rank and file tell their leadership to do the right thing.
Anonymous Anonymous said...
Off topic anybody know who's replacing tracey?
3/29/2014 01:00:00 AM
Not to worry, it will be someone just as bad, possibly worse.
Ok, I read Shit like this here all the time. I am not a democrat or republican. I vote for people who are not jag offs, or the lesser of the two. I really need to know, why do people on this blog repeatedly (blindly it seems) throw out republican support??? They will take EVERYTHING FROM YOU! And they say it to your face. Wtf. I can't stand extremists on either side of the isle. Somebody who repeatedly supports the republican party explain to me why. I am calling you out. Convince me. Dillard I voted for, Rauner is a piece of shit. Anyone that spends 6-8million of his OWN money to become governor has got a back door deal set. Why would he risk such a great investment if there if no big return???? Right, he just wants to serve the good people of Illinois blah blah. Keep repeating this rhetoric all the way out of our EARNED pensions!
Word!
The constitution may say that pensions can't be diminished, but until the constitution can somehow provide the funding, its nothing more than words on a paper.
3/29/2014 12:59:00 PM
State law provides the funding, or didn't you see Madigan's legislation which was signed into law requiring the city to pay into the funds out of it's share of real estate taxes?
The mechanism to fund the pensions is already in place, in law. Whatever excuse the shitheels try and pawn it off as, a law was written to ensure pension funding, Emanuel's merely trying to use it as a threat against employees who don't know any better.
The portion of Cook County real estate taxes that pays for your pensions is 18% of the total tax bill. The average property tax bill in Chicago is ~ 4000.00.
18% of that average 4000 tax bill is 720 bucks.
When Emanuel threatens he's gonna have to DOUBLE property taxes to attempt to scare the stupid, we know that as a fact he's fucking lying and overdramatizing what needs to be done.
But Emanuel's pathetic lies aside, lets assume he thinks he's going to "double" property taxes.
The only thing he CAN double is his percentage, and that's 18%.
SO, the average property owner pays the city pensions 720 PER YEAR. Under Emanuel's wild lie of having to DOUBLE property taxes (his only available 18%) that means the average homeowner in Chicago would see their property taxes increase by 60 dollars a month, TO COMPLETELY COVER THE ENTIRE COST OF PENSIONS ACCORDING TO EMANUEL.
So, for those panic stricken fools who think they should take it up the ass willingly by this shithead, remember that on average, in order to fully fund the city's mandatory pension payment increasees which are TEMPORARY IN NATURE UNTIL THE FUNDING SHORTFALLS ARE PAID BACK, AT WHICH TIME THE CITY RETURNS TO IT'S NORMAL PENSION PAYMENTS WHICH ARE FAR BELOW THE IMMEDIATE AMOUNTS NEEDED TO COVER THE THEFT, the average homeowner will be on the hook for 60 bucks a month more than they already are, TO COMPLY WITH STATE LAW TO FULLY REPAY WHAT WAS STOLEN FROM THE PENSIONS, AFTERWHICH THE AMOUNT DROPS DRASTICALLY BACK TO THE NORMAL FUNDING LEVELS THE CITY CAN WELL AFFORD TO PAY.
So wake the fuck up, you're believing the lies of a professional fucking liar who's hell bent on stealing your pension dollars for his buddies.
Emanuel's a fucking liar and you all know it, but for some reason when it comes to telling you he's broke you saps believe him because he's got a few pet monkeys fabricating statistics to support his future theft of pensions.
DON'T GIVE UP A FUCKING THING TO THIS ASSHOLE, THE LAW PROTECTS AND we ALL have to pay to strengthen our pensions.
And that's the end of it.
This is just a ploy to get everyone to the table. The only way we are going to lose our pension is if we give it up. They think by opening the pension door, that it will stand up in court. Thats why they tried with the Sergeants and failed, so they went to the park district. Mind you, these changes have to occur at the state level where Rahm doesnt have as many friends as he thinks. Below are a couple of points, please correct them if I'm wrong.
1. There are 60 medical majiuana licenses coming that are going to provide a windfall of cash. They are also proposing to make it recreational bumping that number to 300 licenses.
2. There are two bonds that are ending (One in 2015 and one in 2033) which will free up enough money to pay for the pensions if it isnt wasted on bullshit.
3. The tax increase is now permanent. Self explanatory.
4. The casinos - havent heard anything about this in awhile.
If they violate the state mandated pension payment, we go for residency. That should also be the day that every member of the bodyguard unit puts in a request to go back to their unit on priciple. Lastly, we publicly start fighting for the ability to strike. This little prick thinks he can win public opinion against Police, Fire, and the Teachers, he's absolutely mistaken.
Rahm like the Daleys is using....
DIVIDE and CONQUER!
(Plus bribery, blackmail, threats and skullduggery.)
when are we getting are damn contract? sgt test results? new supt? no rumors? where is 35th street house mouse? or IAD Rat? big changes next friday!
Well curious George Ramirez signed off on the wellness BS even though we had a signed contract through 2017. Now Terry Allen, Business Manager of Local 134, is going to sign off on reducing our pensions.
Members have never been asked about this and we voted to ratify our current contracts that didn't call for wellness or pension reduction.
Make sure your next photo op with Rahm is a good one Baldy…...it's pretty clear that you want to be his puppet along with Little Red the City Czar.
Don't blame the rank and file..This bullshit happens all the time with these fuckin trade unions,they tell the membership one thing then turn around and do the opposite.They are all in bed with the Administration.I honestly hope the CPD & CFD Unions stick it to this 9 1/2 fingered midget. SEIU&AFSCME ARE THE BIGGEST SELLOUTS !
3/29/2014 01:43:00 PM
SEIU is a real union? I thought they just give illegal janitors purple t-shirt and then bus them to wherever the Democratic Party needs a show of force. All unions sell out. Before I got on I worked in jobs as a member of the Teamsters and Steelworkers unions. Everyone involved in running those unions were corrupted. They are like politicians, initially, they have good intentions, but eventually they climb in bed with the company. That's when we start getting screwed and the people who are supposed to represent us gain some short term benefits.
I see the same thing here with the FOP and the pension board. Sell us out for their personal gain. Get that sweet County job after retirement, or maybe a paid vacation somewhere to overlook .........
Do not give back any pension benefits , not now , not ever. Chicago Police and Firefighters deserve all current pension benefits . We never received 80% pensions or 3% compounded cola . We all are or were required to work a full 8 or 24 hour tour of duty . Answer the radio and respond to Emergency Calls .
We all know other city crews have more men than a fire truck crew or a one man beat car on patrol in the Ghetto.
Not 3 man crews to change alley light bulbs , 5 man crews tree trimming , asphalt gang , the list goes on and on. Truck driver stays in truck , only difference is Chicago's Finest and Chicago's a Bravest do not ring door bells , we do our jobs and put our life on the line everyday we wear the uniform .
Anonymous said...
Anonymous said...
I have heard officer's in my district who say they are willing to give up our medical and raises in favor of pension. While I worry about our pension as well, I am NOT willing to give up a damn thing. Stick together people! This is what I hate about other coppers, it's all about ME and not about US.
3/29/2014 12:41:00 AM
Never give away anything! NEVER! Never believe them. Why would anyone believe that giving something up to fix the pension will actually happen? Who in their right mind would believe anything they say? Just look at history. They have no intention to fix the pension. No matter what deal is made, what do you think the status of the pension fund will be like in 10 years? It wouldn't matter if we all put in 50% of our pay. The fund needs a lot more than that. Politicians messed up the fund not us, so lets not fall for more lies. Stay together and stand firm!
3/29/2014 03:37:00 PM
Very true! It's time for responsibility. It's the ones that destroyed the pension that need to be held responsible. They spent money on every other thing other than the pension. First responders put into the pension every pay check, it's automatic, and we have no say in how it's invested. That's the last we see of our hard earned money until retirement. Ask the scum bag politicians how their pension looks? Ask the judges too? Yeah, they are just fine. Never trust an Illinois politician. They are known around the world as the worst of the worst.
Anonymous said...
Anonymous said...
Anyone ever stop one of these idiots only to look at a City ID and be told, "Hey, I work for the City." Or you are writing parkers and see a car with a City vest over the steering wheel or something similar?
Do your job ladies and gentlemen.
Hey Jack Ass!
I'm a city inspector and cops are the same way. they are quick to tell you "I'm the Police and flash their badge.
Well guess what?
I've also a badge and my tickets are five times higher fees,than you regular traffic violations.
But, 99.9% of the time,I'll give them courtesy, due to a brotherhood employment.
STOP being an ASS$%^^E!
Think about it next time you pull over someone and show you their City ID.
3/29/2014 08:25:00 AM
Dear political hack, that inspector badge means dick.
The only ID I offer courtesy to is police and fire.
And fire it depends on the drivers attitude.
OT folks are restless in the ghetto after suspected drug dealer points a gun at police and shot. Good work officers.
Gang bangers have no value on life , the community activists accuse the police of shooting unarmed kid.
That's what the neighborhood gang bangin cowards do, shoot unarmed people , use kids as shields.
Not the
Police , we only shoot when it is necessary to defend ourselves or citizens of Chicago .
Wtf. I can't stand extremists on either side of the isle. Somebody who repeatedly supports the republican party explain to me why.
"Gilligan's or Fantasy"?
I'd try to explain, but you are too stupid to understand the reason(s)why.
Police and Fire pensions won't be touched. Heard it here first! Only thing to change is contribution percentage. We may end up putting in a little more. Will happen exactly the way Wisconsin did it. So all you haters........keep on hating!
Nothing to see, move along. The democratic way is to keep everyone scared.
At one of the political meetings I attended, a PO suggested if the government taxes Board of Trade (and other so called financials)1 dollar per $100 transaction, it could take care of all pension problems in the state!!!!!
Anonymous said...
This little prick Mayor is trying to make it look like the Police and Fire pensions are the problem and that we will bankrupt the city, Well if both of these pension plans were ran the correct way and our past mayor Stroke Boy Richie would not have stolen from them with the OK of both Pension Boards then we wouldnot have to worry.
3/29/2014 02:22:00 PM
The media an others need to start calling them out. Ask them "how is your pension, Mr. Mayor?" Ask why the politicians and Judges pensions are exempt? Ask "how much will your annual pension be?" Ask them "aren't first responders important to the survival of a city?" "Is it too much to pay first responders just $40,000 a year in retirement for putting their lives on the line?" Keep in mind first responder's pay 9% of their salary every year into the pension and don't get social security either. The public needs to know the truth.
"Anonymous said...
Y'all will loose...anyway you cut it.
Only millionaires get to keep their money.
3/29/2014 12:22:00 AM"
Didn't Obama say,
"If you like your money you can keep your money."?
We should all be aware that there are only 4 city unions - these 2 they are talking about - then police, fire.
FOP IS JOT A UNION. If we would stick together wet could kick some ass. Why isnt FOP on the news exploiting everything that this mayor is trying to say ahout us. We paid into the pension and Daley stole that money. And we are not doing anything about it. FOP will not pick a fight. NO balls. And I agree, every person who works vri or special is a down right SCAB.
after reading thru this thread we all have to realize that we give up nothing without a fight--- most surrounding states and municipalities have fully funded pensions with healthy portfolios--- it is not our fault that the city has not practiced proper fiscal management--- I remember when I was a new guy on the job and the buzz at roll call was the one dollar a check contribution for the medical insurance--- look at where we are now--- give in nothing to ali rahmba and his 50 thieves--- together we can accomplish great things, divided we lose....
"How about we (FOP and PBPA) just sit on our hands and see how they screw us.. THEN sue due to the fact they are diminishing our constitutionally protected funds.'
-------------------
Good Luck w/ that.
Let us know how that works out for you,Dick w/Ears
-------------------
Because DUMB ASS; what the politicians are doing is illegal.
They have NOT properly funded the pensions in decades and STILL refuse to pay into them.
Keep drinking Kool-Aid moron.
"Gilligan's or Fantasy"?
I'd try to explain, but you are too stupid to understand the reason(s)why.
3/29/2014 10:43:00 PM
---------
Great response to the original post. Apparently you're not so bright yourself. You can't even post one reason. (Come on at least give me the sorry line about republicans want us to have guns, or will shut down government hand outs...) Anything would have been better than your poor attempt at degrading me. And don't give me "I won't dignify your question with a response line," because you already did. Thats ok, Ill wait...
Anonymous said...
At one of the political meetings I attended, a PO suggested if the government taxes Board of Trade (and other so called financials)1 dollar per $100 transaction, it could take care of all pension problems in the state!!!!!
3/29/2014 11:11:00 PM
One cent per transaction would bring in a ton. And then they would move to some other state. Next idea please.
when are we getting are damn contract? sgt test results? new supt? no rumors? where is 35th street house mouse? or IAD Rat? big changes next friday!
Contract is at least 6 months to 2 years away. Its going to go to arbitration and dates havent even been set to pick and arbitrator. Then after an arbitrator is picked, he sets dates months in advance to hear arguments from city and FOP. Then he sets dates months from then to hear city and FOP rebut original statements. Then he has 30 to 90 days to make a ruling. Then city has to ratify the contract. Relax, you are a long way off. Been there and done it too many times
SEIU is a real union? I thought they just give illegal janitors purple t-shirt and then bus them to wherever the Democratic Party needs a show of force. All unions sell out. Before I got on I worked in jobs as a member of the Teamsters and Steelworkers unions. Everyone involved in running those unions were corrupted. They are like politicians, initially, they have good intentions, but eventually they climb in bed with the company. That's when we start getting screwed and the people who are supposed to represent us gain some short term benefits.
I see the same thing here with the FOP and the pension board. Sell us out for their personal gain. Get that sweet County job after retirement, or maybe a paid vacation somewhere to overlook .........
3/29/2014 09:04:00 PM
They were backing us up in March 2009 when we marched completely around City Hall on the day the Olympic Committee came to town. I like to think we had something to do with Daley getting embarrassed in Copenhagen.
So, for those panic stricken fools who think they should take it up the ass willingly by this shithead, remember that on average, in order to fully fund the city's mandatory pension payment increasees which are TEMPORARY IN NATURE UNTIL THE FUNDING SHORTFALLS ARE PAID BACK, AT WHICH TIME THE CITY RETURNS TO IT'S NORMAL PENSION PAYMENTS WHICH ARE FAR BELOW THE IMMEDIATE AMOUNTS NEEDED TO COVER THE THEFT, the average homeowner will be on the hook for 60 bucks a month more than they already are, TO COMPLY WITH STATE LAW TO FULLY REPAY WHAT WAS STOLEN FROM THE PENSIONS, AFTERWHICH THE AMOUNT DROPS DRASTICALLY BACK TO THE NORMAL FUNDING LEVELS THE CITY CAN WELL AFFORD TO PAY.
So wake the fuck up, you're believing the lies of a professional fucking liar who's hell bent on stealing your pension dollars for his buddies.
Emanuel's a fucking liar and you all know it, but for some reason when it comes to telling you he's broke you saps believe him because he's got a few pet monkeys fabricating statistics to support his future theft of pensions.
DON'T GIVE UP A FUCKING THING TO THIS ASSHOLE, THE LAW PROTECTS AND we ALL have to pay to strengthen our pensions.
Couldn't agree more. Dont fall for the property tax BS I would rather pay the $720.00 increase in property than have the city take an additional 3% out of my paycheck 3% of a 5 yr salary of 75,000 is $2,250. Everyone on CPD should be able to understand that math.
Make then take it, don't give it up.
Don't fall for the smoke and mirrors. Revenue will be increased immediately after the unions take concessions. Casino will open and marijuana will be legalized and taxed in 2 or 3 years. There will be a windfall of money. Don't get scared by the bullshit cry of we're broke. We just have to stand up to the bully!
This is dead on. As soon as "the pension crisis" is resolved in Chicago, there'll be a casino here.
Ok, I read Shit like this here all the time. I am not a democrat or republican. I vote for people who are not jag offs, or the lesser of the two. I really need to know, why do people on this blog repeatedly (blindly it seems) throw out republican support??? They will take EVERYTHING FROM YOU! And they say it to your face. Wtf. I can't stand extremists on either side of the isle. Somebody who repeatedly supports the republican party explain to me why. I am calling you out. Convince me. Dillard I voted for, Rauner is a piece of shit. Anyone that spends 6-8million of his OWN money to become governor has got a back door deal set. Why would he risk such a great investment if there if no big return???? Right, he just wants to serve the good people of Illinois blah blah. Keep repeating this rhetoric all the way out of our EARNED pensions!
Think I can answer your question about six million investment if no big return. My guess it is for the power, the recognition? not for the money. If you have enough money to invest 6 million on the hope of getting elected, you really dont need the money.
Anonymous said...
Off topic anybody know who's replacing tracey?
Not you
3/29/2014 04:55:00 PM
Maybe judge Brim if she loses her case for reinstatement.
Anonymous Anonymous said...
Federal Bankruptcy court does not give a sheet about state constitutions. Just ask Michigan about Detroit.
3/29/2014 07:32:00 AM
States cannot file for bankruptcy. Not in the BK code. States have powers to help themselves out of any insolvency. States have powers reserved for states only. The problem is how to restructure debt. They want to screw pensioners. They don't want to pay their bills. They need to be forced to pay.
Anonymous Anonymous said...
The constitution may say that pensions can't be diminished, but until the constitution can somehow provide the funding, its nothing more than words on a paper.
3/29/2014 12:59:00 PM
Mr. Mayor, you and your ilk may think a Constitution is nothing more than words on paper, a mere suggestion until someone like you comes along to rescue us from our belief in the sanctity of it, but you'll be gone soon and we AND OUR CONSTITUTION will still be here.
Anonymous Anonymous said...
Daley is the one who created all this debt. Oh and by the way if you remember how the Wards voted, every Ward north of midway airport voted for Rham...way to go coppers and firemen.
Oh wait sorry coppers you guys don't vote my bad.
3/29/2014 07:30:00 AM
Total fallacy, but keep on deluding yourself. We vote. Prove otherwise, or shut up.
Daley and Rahman did steal the pensions in one year. Let them make the normal pension payment and pay an additional 100 million a year for 6 years. Then they just need to make the required payment like Daley should have been making. Give them a break by not charging interest on the money owed.
See cops ain't so greedy after all!
Tax the areas that use the police and paramedics as their personal assistants. My baby won't go to school , baby mama want baby daddy's leave, my child scraped his knee , I need a band aide , I gots a fever , free ride to ER
Wtf. I can't stand extremists on either side of the isle. Somebody who repeatedly supports the republican party explain to me why.
"Gilligan's or Fantasy"?
I'd try to explain, but you are too stupid to understand the reason(s)why.
3/29/2014 10:43:00 PM
Actually It seems like lately the democrats who receive contributions from unions are against pensions/unions while republicans are historically against pensions/unions. So who the fuck do you believe and vote for??
Just asking..Does anyone know how many payments Daley missed making to the pension fund and how much money was involved?..I thought all that was covered under state statutes. Also, if he missed payments, who was supposed to call him out on that?
And don't give me "I won't dignify your question with a response line," because you already did. Thats ok, Ill wait...
3/30/2014 09:23:00 AM
No need to wait sir.
"Go Fuck yourself", said I.
Look how the city/state/nation has self destructed under demorat rule.
Oh,I know, it's the white mans fault that neighborhoods from South Shore to Roseland just became the worst in the city.
Wow. You are a simple motherfucker.You have 1 thing right, I won't respond to you anymore.
Think I can answer your question about six million investment if no big return. My guess it is for the power, the recognition? not for the money. If you have enough money to invest 6 million on the hope of getting elected, you really dont need the money.
---------
that is not a good answer. A true republican will invest for a return. If his return is power, who will he make rich, who will in turn turn around and kick back. One hell of a kick back for 6mill.
Look how the city/state/nation has self destructed under demorat rule.
----
That is still not 1 reason. Why vote republican as a government employee? Im simple, then your answer should be as well. Ill continue to wait...
State law provides the funding, or didn't you see Madigan's legislation which was signed into law requiring the city to pay into the funds out of it's share of real estate taxes?
The mechanism to fund the pensions is already in place, in law. Whatever excuse the shitheels try and pawn it off as, a law was written to ensure pension funding, Emanuel's merely trying to use it as a threat against employees who don't know any better.
The portion of Cook County real estate taxes that pays for your pensions is 18% of the total tax bill. The average property tax bill in Chicago is ~ 4000.00.
18% of that average 4000 tax bill is 720 bucks.
When Emanuel threatens he's gonna have to DOUBLE property taxes to attempt to scare the stupid, we know that as a fact he's fucking lying and overdramatizing what needs to be done.
But Emanuel's pathetic lies aside, lets assume he thinks he's going to "double" property taxes.
The only thing he CAN double is his percentage, and that's 18%.
SO, the average property owner pays the city pensions 720 PER YEAR. Under Emanuel's wild lie of having to DOUBLE property taxes (his only available 18%) that means the average homeowner in Chicago would see their property taxes increase by 60 dollars a month, TO COMPLETELY COVER THE ENTIRE COST OF PENSIONS ACCORDING TO EMANUEL.
So, for those panic stricken fools who think they should take it up the ass willingly by this shithead, remember that on average, in order to fully fund the city's mandatory pension payment increasees which are TEMPORARY IN NATURE UNTIL THE FUNDING SHORTFALLS ARE PAID BACK, AT WHICH TIME THE CITY RETURNS TO IT'S NORMAL PENSION PAYMENTS WHICH ARE FAR BELOW THE IMMEDIATE AMOUNTS NEEDED TO COVER THE THEFT, the average homeowner will be on the hook for 60 bucks a month more than they already are, TO COMPLY WITH STATE LAW TO FULLY REPAY WHAT WAS STOLEN FROM THE PENSIONS, AFTERWHICH THE AMOUNT DROPS DRASTICALLY BACK TO THE NORMAL FUNDING LEVELS THE CITY CAN WELL AFFORD TO PAY.
So wake the fuck up, you're believing the lies of a professional fucking liar who's hell bent on stealing your pension dollars for his buddies.
Emanuel's a fucking liar and you all know it, but for some reason when it comes to telling you he's broke you saps believe him because he's got a few pet monkeys fabricating statistics to support his future theft of pensions.
DON'T GIVE UP A FUCKING THING TO THIS ASSHOLE, THE LAW PROTECTS AND we ALL have to pay to strengthen our pensions.
And that's the end of it.
3/29/2014 06:45:00 PM
Thank you. Right on the money.
>>>Oh wait sorry coppers you guys don't vote my bad.
3/29/2014 07:30:00 AM
Total fallacy, but keep on deluding yourself. We vote. Prove otherwise, or shut up.
3/30/2014 10:47:00 AM<<<
Last I heard it was only about 25% of CPD voted in national elections.
That is a poor showing, I'd like to get an updated reliable statistic.
Anonymous Anonymous said...
We should all be aware that there are only 4 city unions - these 2 they are talking about - then police, fire.
FOP IS JOT A UNION. If we would stick together wet could kick some ass. Why isnt FOP on the news exploiting everything that this mayor is trying to say ahout us. We paid into the pension and Daley stole that money. And we are not doing anything about it. FOP will not pick a fight. NO balls. And I agree, every person who works vri or special is a down right SCAB.
3/30/2014 05:49:00 AM
What I meant to say is that there are four city PENSION FUNDS.
The state has five pension funds.
Anonymous said...
>>>Oh wait sorry coppers you guys don't vote my bad.
3/29/2014 07:30:00 AM
Total fallacy, but keep on deluding yourself. We vote. Prove otherwise, or shut up.
---
FOP went on a mission to register cops to vote back when Rahm was first running for Mayor. They looked up the numbers of how many cops were registered to vote and the numbers were so embarrassingly low they would not release them. It was below 30%! Now it kind of stands to reason that you can't have turnout any greater then the registration numbers .
Don't believe it? Call the FOP, maybe they will tell you. Board members in 2011 all knew the numbers. So, no, coppers do NOT vote in any great numbers. Hell, they aren't even registered!
Daley knew this, Rahm knows this. Police can be totally ignored as a voting bloc. You know who votes? 11th Ward, 19th Ward, certain black wards. They vote, but cops? No. Not unless you consider below 30% a great turnout.
The pension shortage, doesn't have to be f,undead by real estate taxes. The law doesn't state where the money must come from, only that the city must pay. The city could float a bond issue, impose a city income tax, sell an asset such as Midway, or tax the Board of Trade. They have over a billion dollars in TIF money, that they can use.The City is not broke.
Anonymous Anonymous said...
Daley is the one who created all this debt. Oh and by the way if you remember how the Wards voted, every Ward north of midway airport voted for Rham...way to go coppers and firemen.
Oh wait sorry coppers you guys don't vote my bad.
3/29/2014 07:30:00 AM
U must be one of those well edjewmecaded south sider. By ur logic for over 20 years the area south of Madison supported our THE GREAT MAYOR DALEY who sold the skyway and meters ,spent $600 million for dirt called millennium park and refused to add to the pensions to overt this mess.Stupid is as stupid does.
The pension shortage, doesn't have to be f,undead by real estate taxes. The law doesn't state where the money must come from, only that the city must pay. The city could float a bond issue, impose a city income tax, sell an asset such as Midway, or tax the Board of Trade. They have over a billion dollars in TIF money, that they can use.The City is not broke
Dont know who told you that,but you are completely wrong. The money has to come from taxes levied on properties in the municipality(property taxes as it appears you dont understand what that means). Below are a few paragraPHS TAKEN DIRECTLY FROM sb 3538
The
6 annual requirements to be provided by such tax levy are equal
7 to (1) the normal cost of the pension fund for the year
8 involved, plus (2) an the amount sufficient to bring the total
9 assets of the pension fund up to 90% of the total actuarial
10 liabilities of the pension fund by the end of municipal fiscal
11 year 2040, as annually updated and determined by an enrolled
12 actuary employed by the Illinois Department of Insurance or by
13 an enrolled actuary retained by the pension fund or the
14 municipality. In making these determinations, the required
15 minimum employer contribution shall be calculated each year as
16 a level percentage of payroll over the years remaining up to
17 and including fiscal year 2040 and shall be determined under
18 the projected unit credit actuarial cost method necessary to
19 amortize the fund's unfunded accrued liabilities as provided in
20 Section 3-127. The tax shall be levied and collected in the
21 same manner as the general taxes of the municipality, and in
22 addition to all other taxes now or hereafter authorized to be
23 levied upon all property within the municipality, and shall be
24 in addition to the amount authorized to be levied for general
25 purposes as provided by Section 8-3-1 of the Illinois Municipal
26 Code, approved May 29, 1961, as amended. The tax shall be
Think I can answer your question about six million investment if no big return. My guess it is for the power, the recognition? not for the money. If you have enough money to invest 6 million on the hope of getting elected, you really dont need the money.
---------
that is not a good answer. A true republican will invest for a return. If his return is power, who will he make rich, who will in turn turn around and kick back. One hell of a kick back for 6mill.
You are wrong. He made 53 million last year, doesn't need the kickbacks. Do you think they all go to the governor? The other politicians dont get any, they pass the bills. Being the governor makes you powerful, but not a rich man. Look at Blago, crying poor mouth, Ryan was no millionaire. Thompson made his money at the law firm after being governor and probably didnt want to run again because there wasnt enough money.
You really dont know what you are talking about.
Republican candidate Bruce Rauner disclosed Monday that he made $53 million in 2012, part of a vast wealth that he is willing to tap in his run for governor
Think I can answer your question about six million investment if no big return. My guess it is for the power, the recognition? not for the money. If you have enough money to invest 6 million on the hope of getting elected, you really dont need the money.
---------
that is not a good answer. A true republican will invest for a return. If his return is power, who will he make rich, who will in turn turn around and kick back. One hell of a kick back for 6mill.
If the governor is making all that money, why was Rod caught on tape saying "where am I going to get the money for my kids education"?
According to you all the kick backs start rolling in when you are elected.
You really dont know what you are talking about.
----
Let me break it down...Rauner becomes governor. He then throws his money(that he already has) at swinging the legislator to pass pension reform for us all as a 401k plan, which he will have his investment firms "manage". This will be favorable to rahm because this stooge is doing his dirty work. Rahm invests in rauners management firms, and the walk down the street hand in motherfucking hand making free money off of every dime a municipal,county, or state worker contributes to our retirement. I am not talking about a governor's salary or anything else. Please don't stand up for bruce, he is a rich piece of shit in the worst way.
"It's not a cut"
Vote down all the aldercreatures salaries by 50%. It's not a cut
At one of the political meetings I attended, a PO suggested if the government taxes Board of Trade (and other so called financials)1 dollar per $100 transaction, it could take care of all pension problems in the state!!!!!
====================================
If that tax were levied, the CME (CBOT is gone) would either leave, or be instantly out of business. Talk about killing the goose that lays the golden eggs. Do you really think it would be that simple?
Anonymous said...
At one of the political meetings I attended, a PO suggested if the government taxes Board of Trade (and other so called financials)1 dollar per $100 transaction, it could take care of all pension problems in the state!!!!!
====================================
If that tax were levied, the CME (CBOT is gone) would either leave, or be instantly out of business. Talk about killing the goose that lays the golden eggs. Do you really think it would be that simple?
4/01/2014 08:01:00 PM
The bulk of the trading is done electronically so it would be very simple to relocate for tax purposes. The trading floor is largely ceremonial. All the big money moves via a push of a key on a keyboard or maybe not even that, programmed automatic trading. Change the software and not even those trades will happen here, for tax purposes.
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