Another Billion???
The First Rule of Holes:
- When you're in one, stop digging.
The First Rule of Running a City if You're a Democrat:
- Borrow, borrow borrow. You're great-great-grandchildren will pay it somehow
- Mayor Rahm Emanuel won first-round approval Monday to borrow more than $1 billion to bankroll water and sewer projects, despite aldermanic concerns about Chicago’s plummeting bond rating and its mountain of debt.
Chief Financial Officer Lois Scott said there’s a dramatic difference between general obligation bonds backed by property taxes and the $575 million in “Water Revenue” bonds and the $475 million in “Wastewater Transmission Revenue” bonds authorized by the City Council’s Finance Committee.
The new round of borrowing is backed by Emanuel’s 2011 decision to double water and sewer rates over a four-year period, then impose annual increases tied to the inflation rate.
And exactly how much of this borrowing is going to go toward the $600 million first responder pension balloon payment that comes due next year?
- ZERO!
Is there an adult around who has actually balanced a checkbook and could point out where this is leading? Are there any actuaries who can spell it out in simple terms? And who the hell are these bankers who keep giving this asshole money, a billion dollars at a time?
Labels: money questions, un-fucking-believable
posted by SCC at 12:03 AM
118 Comments:
they're gonna tax everyone out of their homes, confiscate the property and then sell it to the only people left with money. Corrupt Chinese officials
We have no property rights. We don't own anything. Watch and see.
I'm guessing this part of his grand scheme to bankrupt the city in an attempt to hurt destroy the pensions.
Rahm is an idiot. No clue how broke, broken and corrupt Chicago is....lost city...
MS
It all sounds like voodoo economics and accounting to me. But, it is the democrat way of finance, as practiced by democrat politicians nation wide.
By
Rahm Emanuel
December 19, 2011
"For example, AAR Corp., an aviation-parts manufacturer in the Chicago area, has 600 job openings for welders and mechanics but can't find skilled workers to fill them. As mayor of one of America's largest cities, I find it unacceptable that at a time of high unemployment, more than 80% of manufacturers say they can't find skilled workers to hire. "
http://online.wsj.com/news/articles/SB10001424052970203893404577100772663276902
FAST FORWARD to
January 15, 2014 at 4:00 PM, updated January 16, 2014 at 1:22 PM
Former employee files complaint claiming AAR Manufacturing in Huntsville terminated workers without notice in December
HUNTSVILLE, Alabama – A former AAR Manufacturing employee claims he was terminated from his job last month without sufficient notice or receiving pay or benefits as required under the Worker Adjustment and Retraining Notification (WARN) Act
"[...]...The Illinois-based company also told employees it would be "greatly decreasing its operations," according to the complaint. The reduction in workforce was apparently the second layoff in less than 90 days at the Huntsville office.
The complaint, which involves plaintiff and Madison County resident Barry Chadwick Wright, was filed Tuesday afternoon with the U.S. District Court of the Northern District of Alabama's Northeastern Division.
"He was given his walking papers on Dec. 30," said Eric Artrip, the Huntsville attorney who is representing Wright. "He doesn't know how many people joined him, but believes it's more than 40."
A representative of AAR in Illinois declined to comment on the case, saying it was against the company's policy to discuss pending legal matters with members of the media.
Artrip said the first layoff took place in October and affected approximately 10 employees. Artrip said Wright and others working for AAR, which employed about 130 workers before layoffs, were under the impression that the October staffing reduction "was the end of it."
Artrip, who noted there are some exceptions to the WARN Act, said most companies that plan to lay off 50 or more employees must provide a 60 day notice or 60 days of pay at the time of termination.
The number of AAR Huntsville employees laid off in October combined with the cutbacks in December totals more than 50 workers and represents more than 33 percent of AAR's Huntsville workforce
http://www.al.com/business/index.ssf/2014/01/former_employee_files_complain.html
And they just can't find workers eh?
RAHM KNOWS HE IS IN POLITICAL TROUBLE! He is doing what Daley did grab all he can through bogus construction. He is lining the pockets of the connected who in turn give it back to Daley and Rahm under the table. Old Man Daley must be spinning in his grave. He always told the Daley boys take 10% and give the rest back to the citizens. Old man Daley didn't realize that deafness runs in the family and that his sons could not hear well. Richie took 90% and gave 10% back to the citizens. He passed the secret on to Rahm who is sitting on a Nora egg. He is waiting for her to hatch and he will leave with 91% in his pocket. Rahm just can't help himself from thinking that he is smarter and slicker than the Daleys.
heh.. anyone think that the people in charge of the pension fund is going to be one of the main buyers of these new Chicago bonds?
THE SYSTEM IS RIGGED.
BANKRUPTCY WILL FIX IT. JUST LIKE DETROIT.
SCC said -
And who the hell are these bankers who keep giving this asshole money, a billion dollars at a time?
----------------------------------
What about the 50 Aldermen that do not question any of this? Right here is a perfect moment to ask - WHY do we need 50 Aldermen who just rubber stamp everything? We can get by with 20.
CAN 30 Aldermen because their not adding to anything except their own pocketbooks. The city could save a LOT of money and in turn, put that money into one of the many shortfalls it has - like Pensions.
Just a thought.
Not a LEO, JAFO.
Baron Harkonnen: He who controls the Spice, controls the universe!
The people need to rise up.
This is a prime example of why government continually run by demorats is a failure and the consequence being a financial disaster.
Who is going to lay all the pipe? City workers? I rather doubt it. More like an outside firm with political ties. Rahm has to reward political contributors. I think this is called "crony capitalism".
And still the mindless Sheeple on this job continue to write parking tickets and ANOVs and impound vehicles like it's going out of style.
Gotta keep those clueless Kool-Aid-drinking supervisors happy at all costs, huh? The Saturation douchebags are hands down the most egregious culprits, barely edging out the handjobs that regularly jump thru the Activity Hoop so they can whore themselves out to Pimp Rahm via VRI.
Some motherfuckers just don't get it. Nor will they ever.
It seems like Tiny Dancer is in full vengeance mode...
He's burning every dollar in sight just so when the time comes to make the pension balloon payment, he can turn to the camera and: >Cue: Dramatic Music - DAAHH - DAH-DAH-DAAAHH! "I told ya we had no money for the Coppers "UNSUSTAINABLE and TOO GENEROUS pensions! Now what motherfuckers?" (Snerk!)<
We can't see how shitting on Policemen and their families will help Rahm and his Wall Street/LaSalle Street prosper...
Police pensions are pennies & nickels on the dollar compared to what these people are hoping to steal here.
It's all about destroying Police identity, ideals and culture. Take out the sentries and the fort is set to be overrun...
Chicago is enduring a forcible power-down and re-boot. What better way than to destroy a group deeply woven into the fabric of this city through blood sacrifice and the passing down of certain ideals through the generations?
Someone opined that it must truly drive Rahm to delirious itching under that stolen human skin that he isn't a native Chicagoan and he has no credibility among people who have several generations of ancestors buried here.
The angst and animus of the ultimate outsider?
Heh... We would have loved being the fly on the wall in the Emanuel household to witness whatever feverish thinking and poisonous talk Rahm and his brothers were exposed to/actively participated in...
Their "relates to other human beings" thingy in their brains are very badly damaged and it shows just from examining some of the hateful rotten minded motions they actively want to foist on this city and nation.
How can American society act to protect itself from them and their vision of a so called "better" nation?
Nevermind... No traction there...
It's The Police who are the problem according to the media propaganda Rahm has employed to pry public trust, goodwill and the ability to act as guardians of the public interests against the very outrages Rahm has given himself wide latitude to commit.
Every despot of the past century has hidden behind shields made of the bodies of children to deflect scrutiny of and blame for their murderous outrages and excesses.
Rahm Emanuel is cut from that same fatally and tragically flawed cloth.
Right Mr. Murder Mayor?
The numbers are mind boggling and so outrageous that most people will not comprehend. But, just add a billion to our tab, no big deal.
Borrowing billions of dollars insures that connected contractors make millions of dollars, some of which gets kicked-back to you & your relatives.
Hell, your relatives might even OWN some of these connected companies.
Funding the pensions puts no money in your pocket.
rb
Sneaky Illinois Dems retreat from $100 million Obama library following backlash
http://www.bizpacreview.com/2014/04/27/sneaky-illinois-dems-retreat-from-100-million-obama-library-following-backlash-115224
rb
This moronic insipid boob couldn't run a hot dog cart much less a city time to change the law and insert a recall provision to get this punk out off office.
It's time to unite all city workers, their spouses and children and walk down Michigan Ave in protest. 50,000 strong and shut this city down...screw this asshole.
Don't worry. All of the 007 district rangers on third watch will write enough tickets to fill the void.
Give me my retro dickweed.
Construction always gets the green light. That money can be stolen easier
Money means nothing to democrats. That is why we keep electing them to run things.
Rahm should have started as a Mayor for a small town of about 5,000. He could have learned some things and applied them to bigger municipalities. Does he even know how to read a budget sheet and a Profit & Loss statement? Evidently not.
To me, Rahm has no political future. He and his handlers may think so, but he doesn't.
He is WAY over his head as Mayor of Chicago and some of his moves (to the trained eye) shows how clueless he is.
Hey Rahm, it's not about the Ego, it's about making sound decisions when faced by real financial problems and limitations.
This was an interesting term - but let's not repeat it by re-electing him.
Time to move on and hopefully, unscrew what he screwed up - if there is any time left.
Sign me, Not Impressed
That's it. Took a loss on my proper ty and I'm out of this hell hole. No more of my hard earned tax dollars will ever go here. Pulled the plug and hope not to take a loss on my pension. God be with you boys and girls.
Answer one: No, they do not HAVE to balance a check book. They just tax more to spend more. The check book need not be balanced. You see, many politicians and those who vote for them think government spending creates jobs and prosperity. Have you heard this with TARP? I have heard it, "We need to tax and spend our way out of this recession" say my liberal friends. Answer two: the bankers see valuable real estate the City controls. Look at Meigs Field. That is some fine property to attach a judgment to for one example. Answer three: this is leading to insolvency Detroit style. It took Detroit about thirty years to collapse. Chicago is right on track for its government to collapse. In fact, some economists think Chicago is actually going to be worse off because they are far ahead of Detroit in money owed that they cannot pay. This is why the bond rating continues to fall. We will arrive within a few years at the rate we are going where the costs to borrow money will be more than the sum of money we are borrowing. That is the end of the road for the City and any government (or business). So what da ya say pols? Lets focus on legislation that will ban plastic bags. Another reason for me to shop in the suburbs when I need bags for the dog. We need leadership in this country, not political strategy that the university trained idiots are entering government with now.
Not living in that Shit Hole anymore is quite comforting and less stressful. Every one of you should try it.
Econ 101 escapes them.
Noew, kees me you fool!!!!
May Day is coming on May 1. Every city and state employee should not go to work. show the fucking dick heads that the people that actually work for the city and state are the ones that really make it work.
The water fees will go up and the suburbs are anticipated to pay half the cost.
One catch: A lot of suburbs maintain their wells despite using lake water.
Again, the anticipated monies received will be far less than what they predict, but when the parasites think they have more money to spend, they max their credit cards.
..." a billion here, a billion there, pretty soon you're talking big money!"
A certain suburban community complained to the chief that too many people were speeding through the neighborhood, and demanded they be ticketed. He told them that he would be glad to do so but, statistics show that 80 percent of the tickets will go against them and their neighbors. The demanding crowd then changed their minds.
Moral of the Story: Its only for the children if others foot the bill....
just picked up my new Harley , I need that retro check now .
Chief Financial Officer Lois Scott, isn't she the City Official who last pulled off a "Don't you know who I AM?" routine after she got burglarized and demanded, and received, around the clock police protection by having a marked police car sit in front of her house? That Lois Scott, the really important one. Her neighbors are not that important however and must suffer through police shortages. Oops, I mean a fully staffed police department.
Wouldn't writing a ticket or Anov be a good thing for the city? At least there is some revenue coming in.
Anonymous said...
RAHM KNOWS HE IS IN POLITICAL TROUBLE! He is doing what Daley did grab all he can through bogus construction. He is lining the pockets of the connected who in turn give it back to Daley and Rahm under the table. Old Man Daley must be spinning in his grave. He always told the Daley boys take 10% and give the rest back to the citizens. Old man Daley didn't realize that deafness runs in the family and that his sons could not hear well. Richie took 90% and gave 10% back to the citizens. He passed the secret on to Rahm who is sitting on a Nora egg. He is waiting for her to hatch and he will leave with 91% in his pocket. Rahm just can't help himself from thinking that he is smarter and slicker than the Daleys.
4/29/2014 12:25:00 AM
How come our crack team of Investigative Reporters in this town can't keep asking the question of why a long sitting alderman, Ed Burke, sits on a campaign fund of over $8 million bucks while he runs unopposed every time?
Where is Chuck Goudy, Pam Zekman, Dave Savini and the rest when it comes to asking questions of Ed Burke regarding his eight million buck campaign fund? And who keeps writing checks and fattening up that fund?
Hmmmm.... Increases that rise with the inflation rate. Just like my contract states right rahm? I cant believe how you young guys n gals just sit back and take it. Im so glad im KMA.
Since the suburbs are held hostage to Chicago water, the cost for these bonds will be passed on to the suburban communities. We get screwed by the city once again!
The Daley-Emanuel death spiral continues.
rahms donors will make a ton,no pension for cops or firemen or any other working stiff...tick tock....
A regular citizen would be federally charged with something called Kiting (writing checks for something knowing that there's no money in there account) however, for others with some political background its called the "NORM" and no one is going to stop us.
From today's Trib: "Flaw in pension law sparks university retirements
Updated 12:05 a.m.
Flaw in pension law sparks university retirements
Thousands of Illinois university employees expected to retire by the end of June, spurred in part by a mistake in the pension law."
I've got a bad feeling that this will only make things worse in Illinois, and for our brothers in blue. Are you getting that sinking feeling in the pit of your stomach, that the Great City of Chicago has absolutely no intention of fixing the pension mess that they have created? That they're simply going to let the money run dry, and sit back and claim, "See, we're out of money and we can't pay you anymore". If they were concerned about it, they would be doing something, like replacing the money that they stole, er- oops! I meant "borrowed"! That's right. Stealing is, after all, a crime. But since they are not, what other conclusions are left?
Sadly they know the city workers can't leave so they can keep taxing and squeezing money from us....they got to keep some people in the lifestyle they're accustomed to living in....
Maybe Rahm is going to put it down on one of 10G's picks.
I'm trying to view this from Rahm's standpoint and his "fuck the police/fire department" mode. It was difficult and required a lot of mind altering substances I bought in Gresham. But I digress.
So with the Rahm mindset:
1) Politically you can fuck with CPD. I mean, you guys can't strike and the public isn't that sympathetic towards your plight anyway. And what are you going to do? Vote Republican? HAHAHAHAH
2) Construction means graft and it will get people to vote for ME, Chicago's savior, Rahm Emanual. I mean did you see how amazing I looked on CNN?
3) Pension payments? Fuck that. I've got air conditioners to buy for schools. And besides "I got a guy" who will bail me out.
4) Even if I don't get bailed out by my buddy in DC, I can get Madigan to introduce any legislation I want.
4) CPD and CFD didn't capitulate in the first place, therefore, they are stupid. I mean everyone else made a pension deal while we had money...
Corruption will follow. People will go to jail, follow the money, and political donations.
Rham the 1 time mayor.
I read all the comments about "time to rise up" and "it's time to protest" - are you kidding me? It was time to protest 10 years ago when Daley was mayor.
Now it's time to cut your losses and get out of this city with what you have left.
In Democrat language BORROWING = STEALING
They are never planning on paying any of it back, but will raise your taxes as an excuse to fund their theft.
The only thing this latest billion proves is that Chicago IS screwed. There's no hope. You can't keep spending billions when you don't have two nickels to rub together. If there was even slight pushback, slight concern on the part of politicians over the city's fiscal situation while they deliberate over the latest billion to literally go down the drain, there might be hope. But no, a snap of the fingers and another billion goes up in smoke. ONE BILLION DOLLARS...."poof"!
THIS is the sound of gunfire because there aren't enough cops. THIS is the sound of an abandoned crack house because the owners couldn't afford the tax bill. THIS is the sound of your pension going away. Listen up! The dead kid won't say anything. The former property owner won't say anything. They'll both be GONE. It will be YOU left holding the bag. It's ALL UP TO YOU now. Don't say you weren't warned.
I Fart In Your General Direction said...
And still the mindless Sheeple on this job continue to write parking tickets and ANOVs and impound vehicles like it's going out of style.
Gotta keep those clueless Kool-Aid-drinking supervisors happy at all costs, huh? The Saturation douchebags are hands down the most egregious culprits, barely edging out the handjobs that regularly jump thru the Activity Hoop so they can whore themselves out to Pimp Rahm via VRI.
Some motherfuckers just don't get it. Nor will they ever.
----------------------------------------------------------------------
Yeah... Makes sense. It's our "Bosses & Supervisors" that are getting these loans so lets not do our job and write Parker's anovs Citations...makes complete sense. Sounds to me that you obviously work the desk because u obviously have to do some sort of little work when people bring in activity. Listen lazy f*ck, quit ur bitching and do ur job u lazy prick.
It's amazing they hire people of ur kind. Self righteous, egotistical, lazy, jag-off. I'm sorry this was the only job u could attain. Let me educate you GP from 011, we (supervisors) aren't borrowing money and trying to rally up ur "few" friends to "not" do work is a big mistake. I will have Commander Evans see if he can "cure" ur attitude. Good luck.
See you at St. Jude???? Oh I forgot, u only care about one person, yourself. Your right, Some selfish, jag-off motherfuckers just don't get it. Nor will they ever.
Obama is going to bail out his buddy Rahm. Obama will steal tax money from other states to pay off Chicago's debt.
You know what is going on, next year when the payment is due he will cry poor. The legislature will go along with his claims and institute " reforms" on the pension by changing the law. The Supremes will go along with it if they want to keep their jobs. And the sergeants deal of a couple of years ago will look good.
Don't stress SCC. This has been going on for generations. It can't go on forever but it may continue for a long time yet. It will end when nobody will loan us anymore money or the terms are such that we can't meet them. My suggestion. Don't sweat it. Enjoy your bounty while the good times are still rolling. When it finally ends it won't end well for anyone. So just enjoy for now......
It's time to unite all city workers, their spouses and children and walk down Michigan Ave in protest. 50,000 strong and shut this city down...screw this asshole.
Bad idea. I don't need my wife and children to get involved in my work problems.
This is how you kill cities
Another day off AC
It's is how Rahm Rauner and Daley have made millions...using other people's money. Most of these infrastructure projects are created on minimal need in order to launder and attempt to balance the books Daley created with his schemes. Oh and Rahm's former city book-cooker comptroller is on the lam...
COLUMBUS, Ohio—Former Ohio Deputy Treasurer Amer Ahmad ordered his wife to get him a fake Pakistani birth certificate so he could get a passport, according to court records filed in Illinois last week.
If you're really smart, you won't rely on the city. Figure out an entrepreneurial way to make money and leave this city in the dust. Real estate is a great industry to get into. This city is cooked.
No, no, no. We need a referendum. If he gets it, it will last about as long as the proceeds from the parking deal did.
IL rates last for trust in state politicians - 28% - the next state was in the 40% range. No wonder.
These are the people trying to keep guns out of your family's hands. Criminals. Disgusting.
http://www.examiner.com/article/brady-campaign-endorsed-illinois-politician-facing-child-pornography-charges
Brady Campaign-endorsed Illinois politician facing child pornography charges
April 29, 2014
A leader in the fight against concealed carry in Illinois was “charged Monday with using both personal and state-owned computers to trade hundreds of images and videos depicting child pornography,” The Chicago Tribune reported yesterday. Former State Rep. Keith Farnham also reportedly bragged in online chats about molesting young children, and allegedly used state-owned computers to store and trade pictures and videos.
“12 is about as old as i can handle,” charges leaving typographical errors uncorrected allege Farnham claimed. “i love them at 6 7 8.”
Attention Lt. Conroy Stop your antics or the entire watch will do absolutely nothing!!!! Then what is going to happen when the commander has to explain this at the comp stat meeting. Will he say it is because we have a bipolar Lt. On the 3rd watch that needs to regulate his medication.
Hey Mr. can you spare a dime?
OT: If a presidential library is needed, then let the presidential supporters fund it privately.
Ari Emanwell, George Clooney, Steven Spielburg, Harpo Winfray, Geoege Lucas, Tina Fay, Bill Marh, Bill Grates, Prizker Family, and ten rappers.
The first nine can kick in 10 mill each and the rappers a mill each and voliá, you have a lieberry.
Problem solved.
Can this guy get any more arrogant ?
Once bankrupt the city dose not have to pay pension payments and like Detroit the Mayor or Administrator can use the pension funds to pay off creditors which are all Daley and Emanual corrupt friends! They are trying to do this now in Detroit! The bankruptcy federal judge ruled thay can! The retirees are only going to get about 25 cents for every dollar!
Family member worked for a large well known retailer. New CEO came in, gave himself raises. He gave his department heads raises too. He spent like there was no tomorrow. Then the company went bankrupt a couple of years later. The name of the retailer, Montgomery Ward. Same thing happening here.
Off topic-- NBA bans Clippers owner for life after his ignorant comments were caught on tape,the investigation took 3 days,it takes IPRA 5 yrs to investigate a simple cr#,IPRA along with city hall are a joke.
All of our city leaders who are borrowing all of this money won't be around when the bottom falls out of this town. They all will have moved on with their $millions and the city will be another wasteland.
he's going to have the pension fund file bankruptcy and let the courts settle it, like in detroit. Thanks for all your service and risking your life and destroying your family life all these yeasr.
It just shows that the city is NOT broke!
Rahm is an idiot. No clue how broke, broken and corrupt Chicago is....lost city...
MS
4/29/2014 12:12:00 AM
Chicago is broke? Why? cause the media says so?
Don't hate the players... hate the game Just because your not benefitting don't whine
I got dumped to 025 when the district first opened the doors.
I was there for a year and a half. I went around the clock, for you new kids, 1st, 3rd, and 2nd. When our watch worked the 3rd. watch which had steady 3rd. watch guys, the watch sucked.
It appears for all my years on the job, the 025 = 3rd. watch were all cry babies and beefers. I always hated to have anything to do with the 3rd watch people when I was a dick.
It was shit there when I retired a few years ago.
It appears when the department went to steady watches, 025 - 3rd watch just got worse and worse.
These guys should not stop every night after work and go home. The three "B's" get you sooner or later kiddies.
4/28/2014 11:01:00 PM
The problem has always been that 3rd watch 025 is the REAL POLICE.
And the bosses have always been do-nothing merit hacks. As long as I have been there I have only seen 2 or 3 working white shirts. The rest just don't know what the hell is going on. Then they start micromanaging things.
We were the working police before you. And still are. And will be when your gone. Lt. P.C. just sit in your office. Don't come out and bother us. We are doing REAL POLICE WORK. Which you know nothing about.
And quit stopping for hand wavers. and asking for cars. I gotta eat lunch.
A billion here...
A billion there...
Pretty soon your talking about a lot of money.
(Paraphrased from Illinois Senator Everett M. Dirksen. Of course he was a Republican and what he really said was "A million here, a million there..." but that was why back then.)
Off Topic:
Google "cop selfies" and see what happens when you post pics of yourself on facebook! grow the fuck up and stop posting personal shit for the world to see, especially when in uniform! Nobody gives a fuck that you're the police other than your family.
And now VRI is back to 200/day.
4/28/2014 11:01:00 PM
The problem has always been that 3rd watch 025 is the REAL POLICE.
And the bosses have always been do-nothing merit hacks. As long as I have been there I have only seen 2 or 3 working white shirts. The rest just don't know what the hell is going on. Then they start micromanaging things.
We were the working police before you. And still are. And will be when your gone. Lt. P.C. just sit in your office. Don't come out and bother us. We are doing REAL POLICE WORK. Which you know nothing about.
And quit stopping for hand wavers. and asking for cars. I gotta eat lunch.
3rd watch in 025 is the biggest dogs give me a break I never see any 25 guys on 3rd watch in branch 50 .. Who the fuck are u kidding. Your main goal is to find out what bar you are going to after the tour
Attention Lt. Conroy Stop your antics or the entire watch will do absolutely nothing!!!! Then what is going to happen when the commander has to explain this at the comp stat meeting. Will he say it is because we have a bipolar Lt. On the 3rd watch that needs to regulate his medication.
4/29/2014 11:38:00 AM
Act like a man and walk up to him and address your problems. If you have the guts to do this and there is no solution, ask the Commander for a meeting.
That is what adults do. Whining, sniveling children drone on and on about it on the blog.
Bad idea. I don't need my wife and children to get involved in my work problems.
//////
Sorry friend I disagree, they're already involved and their future as well as the future of all our families is being threatened. Sadly the time to act may have already passed.
4 shot in back of the yards , that did not happen in the 50's and 60's . What changed in that working middle class neighborhood .
Why Not $1.6 Billion and pay up on the pensions.
OT
Did any1 see the press conference with NBA Commissioner Adam Silver addressing Clippers owner Mr. Sterling?
Silver threw the book at Sterling. They Pete Rosed em, fined him the max(2.5 mill), and R urging that he gives up his stake in The Clippers. That's just a few things levied his way.
He deserves an appropriate punishment but NOT what amounts to an NBA Death penalty!
Bogus
Don't hate the players... hate the game Just because your not benefitting don't whine
I have under 15yrs and a hairgel but daddy was a LT so sux it up
Hey CBS, NBC, ABC, WGN what the hell are you waiting for? Investigative reporting please. RAHM has underfunded the police and fire departments these past two years. We are at an all time low in manpower. This is why our city has gone to hell. 30-40 shot every weekend????? WHY?
O.T. Channel 7 Reports Ex-Chicago official Ahmer Ahmad on the run, arrested in Pakistan.
Think of it this way - money from your water bill will go directly to pay for the bonds, which were used to repair the water lines.
This is a good idea because the lines need repairing and because the money from the water bills go straight to the bond holder, not city council, the interest rate the city pays will be less than general obligation bonds (which would have a terrible credit rating)
(see Chicago Infrastructure Trust)
These are neccessary long life (50-100 year life) infrastructure projects, and need to be done.
What you need to find out is how much the AC units slated for CPS cost, and how they are going to pay for them. I would argue that the lifespan of a window unit is a decade or less, and should not be paid for by borrowing (using bonds). These should be paid for out of operating expenses.
Moreover, window units are inefficient, and will cost much more to run than central systems, on top of being easy to steal and scrap.
If the schools need AC, they should be central systems, such as the system installed in Sutherland school a few years ago.. This type of system has lower operating costs and a longer life span. As near I can tell, nobody from City Hall has indicated where the money will come from for the window unit for AC in CPS.
To top it all off, all these window units will probably be made overseas, whereas a US company would manufacture large commercial units.
AC is a short term fix because you can bet the mayor wants the AC so he can lock up the "children" in year round school as soon as possible, in a futile effort to stop them from killing each other.
We deserve every ounce of crap that comes out of city hall. We brought it upon ourselves.
Anonymous said...
Once bankrupt the city dose not have to pay pension payments and like Detroit the Mayor or Administrator can use the pension funds to pay off creditors which are all Daley and Emanual corrupt friends! They are trying to do this now in Detroit! The bankruptcy federal judge ruled thay can! The retirees are only going to get about 25 cents for every dollar!
4/29/2014 01:01:00 PM
Not sure I've ever heard the deluded rantings of such an undereducated and ill informed moron in my life.
Sorry fool, but pensioners in Detroit are going to all make out far better than any other creditor involved, and public safety employees will get nearly all that is owed to them.
Go try actually reading about the subject before you spout dipshit comments like this. It makes you look like a fool to rant the "machine" line of bullshit pal.
"You people" are all short-sited
Wouldn't it be nice to bring your grand kids to a park named after their grandmother?
That will, for always and forever, be located in one of the most prominent spots in Chicago, never to be changed from "park" status at the taxpayers expense?
After all Maggie was so instrumental in keeping her "mouth shut" through all of the scandals, that she should be forever in-shrined.
When will the government teat ever run dry for the Daley Crime Family?
Can we build an addition to Barack Obama High and name it
after his son who ripped off the Teachers Pension Fund on a real estate deal that lost millions and walked away from? Just go join the military and go to the middle-east so they can't depose you for the law suit.
or
Can we name a "Justice Center" i.e. court building after his name sake RJ Vanecko?
I could literally go on for days, just tell me when will the rape be over?
Just when you thought the rape was over, a bunch of old faces showed up for the party.
They will find a way to make you give more, so whatever you do please make sure they are promptly re-elected.
What most fail to realize, the 600 million will be paid into the pension no matter what. The money will come out of the sales tax the state pays to the city. The check goes right to the pension fund. Rahm will not have to use liquid assets on hand it pay into the plan. That's how the statute was written. That's what Rahm has been lobbying it get changed. It's not gona get changed.
It's amazing they hire people of ur kind. Self righteous, egotistical, lazy, jag-off. I'm sorry this was the only job u could attain. Let me educate you GP from 011,
Not the original poster so your little attack is misdirected. But if you have a problem with me, please address it like a man and come see me in person, don't be an anonymous coward on a blog. You're full of insults and name calling from your keyboard, please put your money where your mouth is and address me like that in person. I'm in DOG 66 on the third watch, but I guess you already knew that since you seem to have a problem with me. I'll be waiting for you to come and "educate" me.
Glen Popiela #14124 / 011 / 3 Watch
Anonymous Anonymous said...
I got dumped to 025 when the district first opened the doors.
I was there for a year and a half. I went around the clock, for you new kids, 1st, 3rd, and 2nd. When our watch worked the 3rd. watch which had steady 3rd. watch guys, the watch sucked.
It appears for all my years on the job, the 025 = 3rd. watch were all cry babies and beefers. I always hated to have anything to do with the 3rd watch people when I was a dick.
It was shit there when I retired a few years ago.
It appears when the department went to steady watches, 025 - 3rd watch just got worse and worse.
These guys should not stop every night after work and go home. The three "B's" get you sooner or later kiddies.
4/28/2014 11:01:00 PM
The problem has always been that 3rd watch 025 is the REAL POLICE.
And the bosses have always been do-nothing merit hacks. As long as I have been there I have only seen 2 or 3 working white shirts. The rest just don't know what the hell is going on. Then they start micromanaging things.
We were the working police before you. And still are. And will be when your gone. Lt. P.C. just sit in your office. Don't come out and bother us. We are doing REAL POLICE WORK. Which you know nothing about.
And quit stopping for hand wavers. and asking for cars. I gotta eat lunch.
4/29/2014 03:54:00 PM
LOL real Police work. I doubt that P.C was a really good copper back in the day. Just remember Karma is Bitch !!!!!
Anonymous said...
Once bankrupt the city dose not have to pay pension payments and like Detroit the Mayor or Administrator can use the pension funds to pay off creditors which are all Daley and Emanual corrupt friends! They are trying to do this now in Detroit! The bankruptcy federal judge ruled thay can! The retirees are only going to get about 25 cents for every dollar!
4/29/2014 01:01:00 PM
You are full of shit. But, I suggest you resign now and take whatever money you can with you to your next job. Bon voyage.
Anonymous Anonymous said...
Can this guy get any more arrogant ?
4/29/2014 12:32:00 PM
Yes
Seems more and more like the Mayor is trying to build up Chicago and repair it's infrastructure on borrowed dollars that will eventually only be paid back at a fraction after the City files for bankruptcy and the pension crisis will be solved just like Detroit! Only difference is Chicago will have been renovated into a shiny new welcoming town for Tourists! It's like going broke after building a mansion and miraculously getting a bankruptcy approved without slipping into foreclosure. The Mayor will look like a hero!
CNN "chicagoland" will portray Rahm as a genius!
Yeah... Makes sense. It's our "Bosses & Supervisors" that are getting these loans so lets not do our job and write Parker's anovs Citations...makes complete sense. Sounds to me that you obviously work the desk because u obviously have to do some sort of little work when people bring in activity. Listen lazy f*ck, quit ur bitching and do ur job u lazy prick.
Hahahahahahaha!!! Love it when the cool aide drinking white shirts get their panties in a bunch. Go have another glass crybaby white shirt your superintendent has another pitcher waiting for you. Is that merit I smell???!! Probably is with how you tow the company line you effing suckhole. This ladies and gents is who you have to worry about handling your beefs, accidents or God forbid shooting.
Once bankrupt the city dose not have to pay pension payments and like Detroit the Mayor or Administrator can use the pension funds to pay off creditors which are all Daley and Emanual corrupt friends! They are trying to do this now in Detroit! The bankruptcy federal judge ruled thay can! The retirees are only going to get about 25 cents for every dollar!
4/29/2014 01:01:00 PM
You guys should get up to date with what's happening in Detroit. The courts ruled they cannot take the pensions away. Same in Rhode Island. The people are waking up.
How come our crack team of Investigative Reporters in this town can't keep asking the question of why a long sitting alderman, Ed Burke, sits on a campaign fund of over $8 million bucks while he runs unopposed every time?
Where is Chuck Goudy, Pam Zekman, Dave Savini and the rest when it comes to asking questions of Ed Burke regarding his eight million buck campaign fund? And who keeps writing checks and fattening up that fund?
4/29/2014 07:45:00 AM
They're doing what City Hall tells them to do.
>>>Anonymous said...
Rahm is an idiot. No clue how broke, broken and corrupt Chicago is....lost city...
MS
4/29/2014 12:12:00 AM<<<
Rahm has all the clues he needs, after all it's not his money until he can spend it and it comes back from his pals.
The public, the police, and the employess be damned.
Rahm will have his pension(s), his benefits and all and it will not matter if the city goes bankrupt or not. We can only hope that somehow he ends up in a cell down the line from Blago.
I remember when I got to 025 as a PPO, my FTO put his hand on my knee and said "So where do we go from here?" I gave him a knuckle sandwich and that was the end of that nonsense.
>>Anonymous said...
Family member worked for a large well known retailer. New CEO came in, gave himself raises. He gave his department heads raises too. He spent like there was no tomorrow. Then the company went bankrupt a couple of years later. The name of the retailer, Montgomery Ward. Same thing happening here.
4/29/2014 01:25:00 PM<<<
Twenty some years ago I worked in 18 and one fine Saturday I got a call at Wards Headquarters on Chicago Avenue. The security officers were sweating bullets because they were convinced they had a booby trapped bomb that was delivered from Europe and personally addressed to their CEO.
They were real worried they said because the CEO had just laid off thousands of employees.
Hmmmm, I said, like my girlfriend?
Ummm, what department does she work?
I gave them the department number and they asked what did they handle and I told them.
I just had to twist the knife with them. You could smell the fear in the room or did one of them crap in their pants.
Looks like 920am got his or her feathers ruffled. If really an 11th district supervisor it just goes to show how pathetic todays supposed leaders really are. You ain't no leader mr. Supervisor. You got a beef with a guy but you take to the blog to call him out. And you don't leave your name? Know what that makes you? Just another pu**y in a white shirt. I bet this is 1130 aka Tricky.
Once bankrupt the city dose not have to pay pension payments and like Detroit the Mayor or Administrator can use the pension funds to pay off creditors which are all Daley and Emanual corrupt friends! They are trying to do this now in Detroit! The bankruptcy federal judge ruled thay can! The retirees are only going to get about 25 cents for every dollar!
Quit talking bullshit about something you know nothing about.
You sound like an idiot. Below are a few paragraphs from an article of the Detroits public safety workers agreement. Police lost NOTHING on their pensions and they weren't diminished. COLA was reduced, so so much for your BS 25 cents on the dollar. Now have another drink.
Sam Alberts, a Dentons attorney, said pension cuts agreed to by Detroit's two retirement systems could be significantly restored under certain circumstances.
According to the newly revised debt adjustment plan, a fund reserve account would be used to restore cuts if the pensions' funded ratio reaches a trigger level.
The revised plan also requires the systems to have special committees in place to guide investments over a 20-year period.
Last week, the board of Detroit's Police and Fire Retirement System accepted a deal that would result in no pension cuts for public safety workers but would reduce cost of living adjustments (COLAs) to 1 percent.
Anonymous said...
he's going to have the pension fund file bankruptcy and let the courts settle it, like in detroit. Thanks for all your service and risking your life and destroying your family life all these yeasr.
Lets him do that. The courts settled it in Detroit and the police pension remained the same, except that COLA was reduced to 1%You signed up for the job and if your family life was destroyed, dont blame the CPD. Plenty of CPD officers lived lives where their family wasnt destroyed. Maybe there were other reasons
Watch out for all these bond deals. Lois Scott is one of the Ohio gang brought in by Rahm. She was in on the Midway deal that was dropped when Ahmer Ahmad was arrested. Ahmad now caught while fleeing had on his laptop that he obtained fraudulent millions while in Ohio and Chicago.
Anonymous said...
Looks like 920am got his or her feathers ruffled. If really an 11th district supervisor it just goes to show how pathetic todays supposed leaders really are. You ain't no leader mr. Supervisor. You got a beef with a guy but you take to the blog to call him out. And you don't leave your name? Know what that makes you? Just another pu**y in a white shirt. I bet this is 1130 aka Tricky.
-=======================================
Only ruffled feathers is the PO who got his ass served. Anyone who doesn't go to St Jude is an Asshat!!
Joe Stein said...
I remember when I got to 025 as a PPO, my FTO put his hand on my knee and said "So where do we go from here?" I gave him a knuckle sandwich and that was the end of that nonsense.
Are you hallucinating? Yea like this really happened. A knuckle sandwich? So the tough guy PPO gave the FTO a knuckle sandwich.
Detroit set the standard for rahm and his crew, borrow and not pay rahm it goes to court Detroit set the standard of law, for any criminal who would dare try to destroy the pension funds of first responders, sorry rahm man up and pay the pension fund, how many pissed off first responders do you want as this city has more and more blood spread everywhere how many more?
t's amazing they hire people of ur kind. Self righteous, egotistical, lazy, jag-off. I'm sorry this was the only job u could attain. Let me educate you GP from 011, we (supervisors) aren't borrowing money and trying to rally up ur "few" friends to "not" do work is a big mistake. I will have Commander Evans see if he can "cure" ur attitude. Good luck.
See you at St. Jude???? Oh I forgot, u only care about one person, yourself. Your right, Some selfish, jag-off motherfuckers just don't get it. Nor will they ever.
Hate to say it but you sound like a bitch. Im gonna get the commander on you...wow im sure he is petrified.
To: "011 Dist Supervisor" @ 0920 hours on 29 Apr
I stand by my statement, and unequivocally include you in the ever-expanding roster of "clueless Kool-Aid-drinking supervisors".
You can try to make my life hell... when you have enough time in grade or a big enough phone call to bid to my cozy little unit, "boss". Until that time, remain your bitter, clueless, Kool-Aid-drinking self in the Harrison District, threatening your subordinates on a blog.
Loser.
For my officers on the 3rd watch at 025,
two tings:
First, I've had enough of the childish banter from the few of you, that reflects so poorly on the rest of the watch.
Second, if you are late for roll-call, take more then a 30 minute lunch, or fail to stay your entire 8 1/2 hours, you will now be sparred.
LT P.C.
LOL real Police work. I doubt that P.C was a really good copper back in the day. Just remember Karma is Bitch !!!!!
4/29/2014 07:28:00 PM
Class of '86 ?
Lt PC was never the real police? I worked with him in 015 back in the day...the entire district was the real police...he has more time in felony court than you have on the job punk
Anonymous said...
Looks like 920am got his or her feathers ruffled. If really an 11th district supervisor it just goes to show how pathetic todays supposed leaders really are. You ain't no leader mr. Supervisor. You got a beef with a guy but you take to the blog to call him out. And you don't leave your name? Know what that makes you? Just another pu**y in a white shirt. I bet this is 1130 aka Tricky.
-=======================================
Only ruffled feathers is the PO who got his ass served. Anyone who doesn't go to St Jude is an Asshat!!
4/30/2014 09:05:00 AM
So you are saying that since it's my first Sunday off in weeks and my son has his first hockey game that I can attend I should blow off my family to march in St Jude? You sir are the asshat! While I respect the officers that came before me and paid the ultimate sacrifice I would believe that they would want officers to be with family and can forgive us asshats.
That 600 million to the pension fund will never happen. The law will be amended this fall.
I Fart In Your General Direction said...
To: "011 Dist Supervisor" @ 0920 hours on 29 Apr
I stand by my statement, and unequivocally include you in the ever-expanding roster of "clueless Kool-Aid-drinking supervisors".
You can try to make my life hell... when you have enough time in grade or a big enough phone call to bid to my cozy little unit, "boss". Until that time, remain your bitter, clueless, Kool-Aid-drinking self in the Harrison District, threatening your subordinates on a blog.
Loser.
HE SIGNED HIS NAME "LOSER". We can all finally agree with him now!!!! Commander Evans WILL deal with you "Loser", and you will LOSE. Enjoy.
I Fart In Your General Direction said...
To: "011 Dist Supervisor" @ 0920 hours on 29 Apr
I stand by my statement, and unequivocally include you in the ever-expanding roster of "clueless Kool-Aid-drinking supervisors".
You can try to make my life hell... when you have enough time in grade or a big enough phone call to bid to my cozy little unit, "boss". Until that time, remain your bitter, clueless, Kool-Aid-drinking self in the Harrison District, threatening your subordinates on a blog.
Loser.
HE SIGNED HIS NAME "LOSER". We can all finally agree with him now!!!! Commander Evans WILL deal with you "Loser", and you will LOSE. Enjoy.
5/01/2014 09:15:00 AM
Oh shut up! Commander Evans is nothing but a blow hard. He isn't changing a dam thing in 011 and there isn't a thing he can do about it. So sick of hearing what a great boss he is, he is a connected dummy who has hid behind his clout not to get fired. Save the tough guy commander routine for officers that will fall for it. We sit at roll call, laugh at the LT's when they give their go and earn your paycheck speech than we go have coffee and watch some DVD's. Policing in Chicago is dead, I'm here for the pay check. Now give me my VRI, cause I have earned it. Hahahahah
He can just "lease" the sewer system to crony corporation for 99 years. Then city residents will have to pay a "market rate" to a government protected monopoly. This will be "fair".
"Jimmy Joe Meeker said...
He can just "lease" the sewer system to crony corporation for 99 years. Then city residents will have to pay a "market rate" to a government protected monopoly. This will be "fair". "
There WAS talk about doing that with the water system.
God help us if they consider that.
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