Joravsky and Friends Strike Again
- On March 5 the City Council voted 46-3 to approve Mayor Rahm Emanuel's proposal to spend $55 million in property taxes on a new Marriott hotel in the South Loop—part of his ambitious development plan that also features a basketball arena for DePaul University.
The vote followed a September decision by the Metropolitan Pier and Exposition Authority, a state-city entity, to award Marriott the coveted contract to run the new hotel.
Following the council vote, the mayor and his aides crowned themselves wizards of economic development. "The hotel will generate new taxes and jobs while supporting the area's planned revitalization," said Andrew Mooney, the city's planning commissioner.
However, what the mayor and his aides didn't mention—and what has gone unreported until now—is that in the year leading up to the lucrative deal for Marriott, the hedge fund of one of Emanuel's largest campaign contributors bought millions of shares of stock in the hotel chain.
That hedge fund, Citadel LLC, is run by billionaire Kenneth Griffin, whom Forbes last fall deemed the wealthiest man in Illinois. He is famous in the financial world for making a killing in high-frequency trading.
Amazing how that works out, isn't it? But our pension funds languish as Rahm (and Daley before) fail to live up to their actuarial obligations. How about they slip a little "inside info" to the managers of the pension funds to take themselves off the hook? OR wouldn't that be legal/ethical? Not that it matters to these thieves.
Labels: scandals
posted by SCC at 12:07 AM
113 Comments:
when it comes time to retire just leave. good buy Chicago.
Off with their heads !
Just keep on walking. Nothing to see here except business as usual. Pension funds are skinny toes. There is money to be made for those with money, but it isn't in pension funds. Besides those pension funds are not for the favored unions close to the throne.
Chicago politicians are so damn maddening, ugly and dirty??? Stop voting for them.
Off topic,Dean Angelo had breakfast with the mayor on tue. hope it was positive but Dean if WE find out you made some kind of deal even an implication of one,you will gone in 3 yrs and trust me,your son will be voted out also,just saying
It is the Chicago Way to reward friends and family and claim no knowledge. But live up to the legal obligation of funding the pensions of those who protect the city, well that is unacceptable to the politicians.
I HOPE somebody is adding up all the millions that Rahm has doled out for new projects.
I am quite sure it exceeds the 600 million that the pension funds need!
Penny Pincher
p.s. and there is no need to scare the public with outrageous tax increases when he counts the budget as his private piggy bank!
Has anyone looked at the hedge fund run by Bruce Rauner? How come they left Bruce out of the loop?
At what point does the Pension fund (a city entitiy) or the FOP or one or two police officers or firemen sue the city for this blatent abuse of city funds.
Or can they sue?
Or do all police and fire and other city workers let this administation run wild with citizens funds?
How or who can stop this???
Is it only by voting them all out of office?
I mean everyday there is another article citing the abuse of funds by these eleced officials.
Oh, sorry, Pritzkers took us off for only $20 million for the HYATT hotel, 56/Lake Park. "Marriott" a different scumbag.
The Rolodex Of Evil revolves endlessly.
So when's Mel Reynolds coming back after his failed diamond dealings? Or did someone "necklace" him by now with a big old heavy steel-belted, as is the (modern) custom in those lands?
Where is the City of Chicago's Code of Conduct or some other declaration that discusses (and somehow enforces) conflicts of interest?
Funny, how if you are a contractor, you need to jump through all these declarations and show certificates of proof of insurance and all this other BS saying you don't do business with certain entities and countries but something like this is OK?
I hope someone comes in to investigate all this BS - and I know it won't be the Atty. General's Office or the Chicago media.
"On March 5 the City Council voted 46-3 to approve Mayor Rahm Emanuel's proposal to spend $55 million in property taxes on a new Marriott hotel in the South Loop..."
Is there anything like a red emergency cord we can pull to stop this train before it goes up the freakin escalator?
I heard someone put a goats head near a Cubs sign by the Kennedy. I wonder if this will fix the curse?
"The vote followed a September decision by the Metropolitan Pier and Exposition Authority, a state-city entity, to award Marriott the coveted contract to run the new hotel."
Abbate moved up off da forklift enough by now to "coordinate" this?
Of course, I'm not surprised.
Now the the " pension reform " awaits the Governors signature, and he will sign, it's time to spend, spend, spend. Time again for the clouted & connected to stick their snouts in the public treasury.
It's Rahms way of giving the Police & Fireman the middle finger, not the short one.
"That hedge fund, Citadel LLC, is run by billionaire Kenneth Griffin, whom Forbes last fall deemed the wealthiest man in Illinois. He is famous in the financial world for making a killing in high-frequency trading."
That means using computers to get in a "buy" or "sell" 1/1000 second before the next guy.
They are looking into it now.
These are the moral exemplars of The New Society.
Ain't sayin much, huh?
The reason they don't slip any info or do any favors is that they look upon cops as low ladder scum. They don't mind you eating cat food in retirement when they can pillage your pension now. You are just something else to rob on their criminal path. Understand who they are and how they see you.
Always the Chicago Way.
Writing's on the wall.
Wouldn't it be funny if every cop in the city took a vacation for say... a week?
I think (in my naive, uneducated opinion) its gotten to that point.
For obvious reasons it isn't ever going to be an option. You're sheepdogs to the bitter end, but its a nice thought to entertain.
All Hail!
Emperor Rahm has no clothes!
The deluded and pampered manling is telling everyone to kiss his ass... "Yeah, you got me! I'm cooking crime stats... So fucking what? What the fuck are you peons gonna do about it? Oh yeah... I'm still gonna fuck you guys out of your pensions, snatch back your health care, change to laws and drop a fucking casino on top of you and your families and YOU won't see a penny of that money! Fuck all of you guys!"
Disgusting! But no, they are "transparent" and would "never be unethical." It's is obvious as the sunrise. Will anyone start talking about the what the politicians are doing to police and fire pensions? At least our deal with the city is legit and very minimal money. Scum bag chicago politicians!
Isn't Citadel where the current City Comptroller came from? We can expect more of this.
The people have to learn to hate these cocksuckers.
Rahm, fuck you.
The feds will look at this as soon as all the main suspects turn 65.
besides the corruption, how does he use public money for private ventures?
The silence from PBPA and FOP is deafening
A complete absence of strong leadership and communication.
Anonymous said...
Off topic,Dean Angelo had breakfast with the mayor on tue. hope it was positive but Dean if WE find out you made some kind of deal even an implication of one,you will gone in 3 yrs and trust me,your son will be voted out also,just saying
4/09/2014 12:40:00 AM
Nope we wil call ted street fop national president and remove disability dean even faster!
More pension B.S.....
Still in the bill are two provisions to penalize the city if it does not make the pension payments. The state comptroller would be allowed to divert millions of dollars in annual state payments away from the city and into the pension funds a provision that was made stronger in the most recent version.
The proposal also spells out that pension boards could sue to get the state to divert millions in city funding to the pension funds. […]
The new plan also includes a minimum cost-of-living increase of at least 1 percent every year for retired workers who are getting pensions of $22,000 or less. The bulk of retirees would get annual increases of half the rate of inflation or 3 percent, whichever is less, based on the amount of their annual pension payments upon retirement. Currently, all retirees get 3 percent, based on their previous year’s pension income. […]
The latest version also includes a new provision that would allow Emanuel to change the makeup of the two retirement boards that oversee the laborers and municipal funds. It would terminate the terms of current members next year and allow the mayor to recommend how new members of the board should be appointed.
* A labor activist who opposes the bill sent me this commentary about that last paragraph…
Here’s what that means: The supposed “funding guarantee” in this legislation is a provision that the municipal and laborers funds may go to court if the city doesn’t pay what’s required. Now, the municipal fund’s board consists of three elected members who are employees, plus the city treasurer and comptroller. But under this provision, the entire board could be political appointees of the mayor. Besides eliminating the voice of employee participants, it could give mayoral appointees total discretion to enforce the funding provision – or look the other way.
Except the state comptroller is also required to skim city grants, and the comptroller’s office says that includes Chicago’s giant pile of revenue-sharing cash from the Local Government Distributive Fund.
* And this shows how weird some folks can get around here…
To some, Quinn’s decision to draw a line in the sand on property taxes and dangle the city’s elusive quest for a Chicago casino as a replacement was part of an elaborate political dance.
Those Machiavellian theorists believe the plan for $50 million property tax hikes for each of the next five years may have been a stalking horse for a casino all along.
But the fact is, Chicago probably needs both property tax hikes and the jackpot from a land-based casino to wipe out an $32 billion unfunded pension liability that’s eight times the city’s operating revenue and, what Moody’s calls “by far the highest” of any rated U.S. local government.
That last sentence is far more in line with reality.
Citadel and Ken Griffin's business model is going to crash the minute the Federal Reserve raises interest rates. Its going to get VERY ugly for them when this happens.
I wonder if Citadel would get a bailout from Rahm or Quinn?
All you youngsters on the job are gonna have it worse when you retire than us current retirees.
But you're not thinking about that right now. Dumb.
It's all legit, boys and girls.
Anonymous said...
I HOPE somebody is adding up all the millions that Rahm has doled out for new projects.
I am quite sure it exceeds the 600 million that the pension funds need!
**************
The annual "take" in TIFF funds alone equals 500 million dollars, add in Maggie Daley Park and the Depaul theft of taxes and bingo.... pension payment solved.
500 million EVERY YEAR, skimmed for the rich and stolen from the taxpayer via the TIFF scam.
steal my pension, i triple dog dere you!
residency anyone?
Rahm is very good to his little buddies.
No one seems to care, or to be worried, so what is the problem??
Why is it that they can spend tax money on many other projects. But tax increases are newd because pension problems?
You guys have police powers. Arrest these bastards. The media could not ignore it, and when that dizzy bitch in charge of the states atty. won't prosecute, maybe the feds will have a look. They are looking at dems in other states, so roll the dice. One can only hope the tea party can win the senate and then the white house and start cleaning out this shithole city and state government.
Get the casino and use that new money to pay bills, not raise taxes.
Sounds like insider trading.
Mainstream local media?
National media?
Fourth estate?
FBI??
SEC???
Ben Javorsky does a great job on this article however, as pointed out in some of the comments in the Reader, Marriott is a 16 Billion dollar corporation. The acquisition of this hotel in the South Loop is not a windfall and did not make stock prices jump. Marriott probably owns 5,000 (just a guess) hotels worldwide, the South Loop venture surely is a small blip on the radar for them and their stock. However it does not justify taking 500 million in set aside TIF funds every year and ignoring our pension obligation. I'ld like to know how much total money is in those TIF funds, maybe Ben can help us.
to 4/09/14 12;12am brother i never thought i say it but i agree with you. been a chicagoan all my life and used to like it but when i retire im leaving too, rahm is all about his rich liberal northside friends and the savages of the south n west side,
Opposite the Kennedy expressway, near Foster, where all the motorists going to and from O'Hare can see it, a billboard has been installed:
"Tired of being Illinoyed?"
Sponsored by the State of Indiana.
Soon it is going to be every man for himself as the rush for the life boats to escape the sinking ship begins.
Corrupt family career political thieves strong-arming the public.
Meanwhile, tens of thousands of Stockholm Syndrome sufferers run to the defense of this leadership.
In other words, Battered Wife syndrome. Hey, they're you guy, eh They mean well..oh yeah, yeah..etc..etc..
Good bye pension, social security, healthcare, retirement...
State income tax increased blamed on those greedy public service workers and their unions. Don't worry the new state income tax will save the pensions...
Where'd that money go?
Now it's the same m/o with property taxes being used as a tool to deflect the public's anger not towards the family of thieves enriching their friends but towards the public workers and their unions.
Hello justice department?? Oh ya never mind
Who are the 3 that voted NO?
Time to stop relying on this city for ANYTHING. Figure out a way to get involved in another venture and be your own boss. There isn't gonna be anything left when we retire. Make your own path. It's not gonna be with the city though. I can guarantee you that! Take it by the reigns now. We are just pawns in the game. Be the king .
"...They taught that an oath sworn by the temple or altar was not binding, but that if sworn by the gold ornamentation of the temple, or by a sacrificial gift on the altar, it was binding..."
-- Matt 23:16-22
http://en.wikipedia.org/wiki/Woes_of_the_Pharisees
See... if you want their oaths of office to mean something you must bring sacrificial gifts to the 5th floor.
If you want the laws that allegedly protect your pensions in the constitution to be binding, bring gifts.
You're not bringing the gift..lmao.
How many hours a day does a judge spend on the bench ? Room to cut number of judges in halfandsave money for cook county tax payers.
"Broken Windows" crime fighting methodology bullshit summarized in (Matt 23:23-24)
en.wikipedia.org/wiki/Woes_of_the_Pharisees
"They taught the law but did not practice some of the most important parts of the law — justice, mercy, faithfulness.... They obeyed the minutiae of the law such as titheing spices but not the weightier matters of the law." (Matt 23:23-24)
Titheing spices - taxing spices by 10%.
Weightier matters:
The DOJ running guns to drug cartels.
Illegal Immigration enforcement.
Upholding the constitutions 2nd amendment.
Upholding the constitutional protection of public pension instead of running a Northwestern Univ-like communications campaign to undermined it. Reinventing commonly understood word meanings and definitions to claim the words mean something entirely different.
The banking and wall street frauds.
The non-stop corporate bailouts to corporations that are unwilling or unable to be competitive without special treatment that gives them an unfair advantage.
The laws don't apply to the 21st century political Pharisees class.
The taxing schemes on the churls of the middle class, busting the piss bums to show that you're doing your jobs to produce compstat numbers for propaganda is what counts.
Citizens getting shot, beat, sent to the ER's. That's money generation activity for these a-holes running the show.
Don't f--k with that.
No-no. see. getting sent to the ER creates jobs. When a citizen gets shot the city will likely get some federal money sent our way via Obamacare.
That money will trickle down in a circle jerk fashion to doctors and big pharma and big pharma makes big donations in the form of campaign contributions.
If a citizen gets whacked in the the head... smartphone, keys, money taken... why that is generating economic activity as the victim has to buy replacements for their stolen goods from the corporations handing out the campaign contributions.
It's all a part of trickle down economics really, Don't f--k with that.
The minutiae of the law:
Bust the piss bum otherwise you'll hurt the corporations and the cash flow to the political thieves.
The piss bum getting busted for public urination is not generating any Obamacare money here, money that flows to big pharma and then to the political apparatus.
That's a good target.
The taggers spray painting the city are not generating any economic activity that the corporations can profit off of which in turn can be used to fund political campaigns.
Bust them and use the ivy-league Broken Windows marketing b.s to justify that concentrating on the little things prevents the big things from happening,
It's not about stopping crime at all.
It's about cash flow. It's about taxes. Campaign contributions.
It's about creating immigrant sob stories of not busting up the families when the Sanctuary city is really about attracting the corrupt drug cartel leaders to the city. Are you kidding me?
These cartel leaders are the real job creators today and they have billions of dollars that the greedy bastards in the ivory towers need and want so desperately.
That's your "Broken Windows" Northwestern Univ communications and marking propaganda that is being sold.
Read between the lines.
Here, here's some guns from the DOJ. Come to Chicago the sanctuary city. They will hand you a drivers lic. to help with your trafficking. Generate some economic activity so we our leadership can boast about the economy growing.
Heh, and with the crackdown going on within China all the corrupt business leaders of China are seeking a place to park their ill gotten profits.
So why not attract those corrupt business men and women to the Sanctuary city too. After all they have money and who cares about how they got it ethics, moral's and all that crap.
-RANT OVER
When I get my finger,you'll get your money.....Gangster!
Hopefully all the idiots on here that continue to believe the city is broke and will be the next Detroit can get their head out of their ass one day.
Daley has to be laughing his fat crooked ass off watching all this. He and his wife stole millions and he walkes away. Or rode away, in a chauffered police car. Yeah, we still are paying to provided that scumbag millionaire with police drivers.
Its only public money. Didn’t rahm work for the nation’s CEO guy who exclaimed that his administration will be the most transparent and ethical administration in history? Talk about the “culture of corruption” in this democrat party. “If you’ve got a business, you didn’t build that, someone else made that happen” was a theme by the nation’s top executor calling out successful business owners. Weren’t all these sound bite talk spoon fed to the media for mass distribution selling the American people “change” through hollow poll-tested feel good rhetoric. Follow the money. Weren’t the democrats the party opposing the 1% ers and the billionaires who don’t pay their fair share of taxes? I guess collection of someone else’s wealth resonates with their constituents. The distribution of taxpayer or borrowed public money to the “right people” “for the right reason” disguised as “economic development”, is legally permissible, approved by the party apparatchiks and carefully packaged for public consumption. It’s all about the money all the time including rahm’s campaign fat stacks. Gives a new meaning to crony capitalism and pay to play in government at the local level. Why does a billionaire investor need to be subsidized by tax money anyway? If this economic development is so good, why not use his own money. Why not be a progressive hero by redistributing his personal wealth! Using other people’s hard earned invested savings through wall street modeled hedge funds to make big money through fund management fees and preserving the hedge fund administrator’s personal wealth taking advantage of tax loopholes created by politicians enforced through unaccountable bureaucrats, is a guaranteed way to amass enormous amounts of personal wealth. Billionaires have what politicians want-a fountain of money which to quench their thirst. Contrast this with the middle class Joe who as a taxpaying American spends the greatest percentage of their hard earned paycheck on taxes on all levels of government even more than the yearly total on food, clothing and housing combined! This year, Americans will work three day longer to pay off their obligations to their government collection agencies according to the tax foundation. Rahm, you need to conversate with the community and come clean.
http://dailycaller.com/2014/04/07/tax-freedom-day-falls-three-days-later-this-year/#ixzz2yP9NbA5W
"Is there anything like a red emergency cord we can pull to stop this train before it goes up the freakin escalator?"
HILARIOUS!
Our very own "jumped the shark"
From now on rediculous city policy shall be referred to as "the train going up the escalator"
Love how all the tough guys threaten to kick Dean out in 3 years if he doesn't keep his promises. In three years he will be 63 and have to go anyhow.. he is a one term guy no matter what happens.
Sorry, that article is garbage. A cheap hit piece.
The profits from that one hotel will be just above a "fart in a wind storm" level for the stock price.
Normally he's a good reporter, but he is really reaching on this one.
If it was only about the relationship and contributions it would be OK, but this is the type of crap hit piece Rham usually feeds to the Sun Times.
Hey while we are at it why isn't the fact that the pension mess was and is caused by the State and other governmental agencies NOT making mandatory payments to said funds. How about someone research that and give us the facts.....
But it's for the children !
Anonymous said...
"That hedge fund, Citadel LLC, is run by billionaire Kenneth Griffin, whom Forbes last fall deemed the wealthiest man in Illinois. He is famous in the financial world for making a killing in high-frequency trading."
That means using computers to get in a "buy" or "sell" 1/1000 second before the next guy.
They are looking into it now.
These are the moral exemplars of The New Society.
Ain't sayin much, huh?
4/09/2014 01:41:00 AM
60 Minutes just did a piece on high frequency trading and how it "rigs" the stock market by people such as Kenneth Griffin. Sounds like someone from Illinois, crooked bastards. There is an interview with Michael Lewis talking about his new book. Lewis wrote about the crash of 2007-08 and other things, Moneyball, Liars Poker, The Big Short, etc.
http://www.cbsnews.com/videos/60-minutes-investigates-high-frequency-trading/
Fop,pbpa mail out petition forms to every active and retired officer to reduce number of alderman from 50 to 20.
Time for pension board reps to negotiate for members and get rid of gold braid pension , include the appointed rank of captain in the request .
Mr. Joravsky has exposed rahm’s coveted Good Ole Boy network. So much for that tired old Marxist ideology of class envy of the democrats against the successful. Marxist rhetoric and philosophy gets a D-N-A or does not apply to the super rich millionaires and super rich billionaires who are loyal campaign contributors and who have a reasonable expectation of government officials influence to enhance their interests and most importantly their personal bottom line. It’s like bullying. If you donate to the party and its members the ugly Marxist time tested class envy tricks and the Marxist modeled hate speech are not leveled against you. I guess rahm gets to pick the winners and losers of the little people’s money. Power,moey, control,and more money motivate this mayor.
I often wondered why public money was earmarked to a Catholic Institution. Catholics are so often vilified even after their enormous sacrifice and contribution to the culture of this once great city. After all, Catholics condemn the progressive’s sacrament of death by abortion and have not accepted the extreme left’s transformation of the definition of traditional marriage. Silly me, its all about the money. I knew there was something behind this which was not being told. As always, the real story was never revealed by the players and the public was spoon fed an acceptable storyline of much needed economic development through public funding. Good job on the investigative reporting by Ben Joravsky and his staff exposing the truth. Amen.
Our pension fund holdings in the hotel & lodging sector are locked up solid with The New Jackson and Hotel Zanzibar. All 37 of the shares lost .09% last quarter. Things will pick up when they get all that stadium overflow. Only if our investment strategists foresaw this before DV Realty Advisors LLC (Davis-Vanecko) got their chunk from our funds.
gary chico for mayor.
All Hail!
Emperor Rahm has no clothes!
The deluded and pampered manling is telling everyone to kiss his ass... "Yeah, you got me! I'm cooking crime stats... So fucking what? What the fuck are you peons gonna do about it? Oh yeah... I'm still gonna fuck you guys out of your pensions, snatch back your health care, change to laws and drop a fucking casino on top of you and your families and YOU won't see a penny of that money! Fuck all of you guys!"
4/09/2014 04:01:00 AM
But, I will still let you losers work my VRI!
Just like Rahm and his 15million dollar gift from Chase. Yet somehow these despots expect us to play by the rules also.
If you're not inside then you're outside, okay.
G.Gecko
Anonymous said...
All you youngsters on the job are gonna have it worse when you retire than us current retirees.
But you're not thinking about that right now. Dumb.
4/09/2014 06:46:00 AM
Since you are all knowing and all seeing please tell us what us "dumbies" are thinking about.
They cant fire all of us or any of us if we didnt come to work they have no money to hire thousands of cops and even if they did it would tale them months to train them! We are in the drivers seat we just need the balls to stand up for our pensions and our future...what are we waiting for? Could you just imagine the condition the city would be in? One hot weekend in june.... And there were no officers out there?? I think they would give us whatever we wanted after that. We are continuously getting fucked by the politicians...pay our pensions... Pay more...pay more property taxes... We did all of those things already why should we have to do them again? We didnt cause the problem we followed the ruled the politicians did not
Dear Lord,
Let me win the lotto. I will be good and charitable. I will give to needy organizations and take care of my family and friends. I will give more to the Police Chaplain's Ministry, to the CPD Memorial fund, to St. Jude's, and to no-kill shelters. Then I will move the hell out of here as fast as I can and take the family with me. The people running this stinking city are much worse than the people living in it.
Thank you Lord.
Anonymous said...
Off topic,Dean Angelo had breakfast with the mayor on tue. hope it was positive but Dean if WE find out you made some kind of deal even an implication of one,you will gone in 3 yrs and trust me,your son will be voted out also,just saying
4/09/2014 12:40:00 AM
Fifteen minutes isn't a meeting it's a warning.
Rahm could not possibly care less about us or our pensions. He has no intention of ever fulfilling the cities obligation to our pension fund. He despises us and feels we don't deserve our pensions as currently constructed.
He's a slimy, thieving, condescending asshole.
Remember that Rauner is heavily tied to Citadel too.
What a terrible incestuous cesspool we're in for if Rauner is governer and the little dictator stays mayor.
For once, I actually think this is not important. Marriott's fortunes certainly did not rise or fall on this one property. I'd bet that if they purchased "millions" in stock and the hotel is a $55 million deal, they did it for other reasons.
Everything else is crooked though.
Forensic Audit Time???
Fire just shit themselves and settled their contract.
Let's see what the union bosses did to their membership, and of course, let's see what the membership does to themselves.
Although the following should be said:
Pension theft is NOT a subject of collective bargaining for a contract, therefore there should be NOTHING in their contract stating pension give aways.
What they'll likely show is the same shit that's been in all the other contracts, 2,2,2,1,1.
Let's see if the fuck themselves out of the legal right to sue for pension theft by the legislature by adding in the clause that's fucked the Sgt.s and the Lt.s which is the "we agree to reopen the contract to negotiate or seek arbitration if the legislature and Emanuel violate state law and the constitution".
Firemen, if you see that shit in your contract vote NO unless you wanna give Emanuel the legal right to fuck you up the ass in pension without you having any legal recourse forever more.
DO NOT GIVE UP YOUR LEGAL RIGHT TO SUE FOR ILLEGAL PENSION LEGISLATION!!!
Anonymous said...
More pension B.S.....
Still in the bill are two provisions to penalize the city if it does not make the pension payments. The state comptroller would be allowed to divert millions of dollars in annual state payments away from the city and into the pension funds a provision that was made stronger in the most recent version.
******
Point #1: This is the same bullshit they used in the state illegal pension theft legislation. Understand this: THE COMPTROLLER DOESN'T MAKE THE DECISION TO FUND ANYTHING, THEY MERELY SIGN THE CHECKS!!! Suing the comptroller doesn't accomplish a FUCKING thing because they're not responsible for FUNDING a damn thing. Additionally, "WOULD BE ALLOWED" to divert money doesn't mean shit.... "allowed" to does not mean IS FORCED TO BY LAW. The comptroller can be ordered to go eat shit and once again, suing the comptroller doesn't accomplish shit as the suit gets thrown out of court on it's face.
For the rest of your post the operative word is "can", which. again, doesn't mean a fucking thing in a court of law.
Every employee involved gives up an average of 1250.00 per year of their income ALONG WITH THE ALLEGED 50 BUCKS A YEAR THAT EVERY PROPERTY TAX PAYER ALLEGEDLY WILL PONY UP.
Our fucking 1250.00 is no fucking parity to a petty fucking 50 bucks a year that the majority of the city has to pay up.
FUCK Emanuel's "both sides share the pain" bullshit because no other motherfucker in this city is gonna pay what the employees are fucking paying.
TIFFS ARE ILLEGAL SLUSH FUNDS THAT SIPHON OVER 500 MILLION DOLLARS IN TAXES AWAY FROM THE CITY'S LAWFULLY OBLIGATED SERVICES AND DEBTS!!!
Anonymous said...
Love how all the tough guys threaten to kick Dean out in 3 years if he doesn't keep his promises. In three years he will be 63 and have to go anyhow.. he is a one term guy no matter what happens.
4/09/2014 12:24:00 PM
///////////////////////////////////////////
Yeah, then he hands it over to his kid... The FOP membership is a typical sample of the general population of Chicago... They will either vote for nepotism or they won't vote at all.. Dean will keep his head above water playing nice for the next three years, then little Jr. will run on name recognition and have his peons bombard the blog with negative mud sling towards his opposing canidate.. Then we'll have a good ole' generation of the 10 year wonder, Dean Jr. (ala. Mike Shields) to stay eating and getting fat off the nipple of the City and Member$hip.... G-d help us!
President's Message
Brothers and Sisters,
We Are One Chicago Update:
The We Are One Chicago Coalition is working hard to fight any proposed changes to the retirement security of tens of thousands of active and retired City of Chicago employees.
You can sign up for the We Are One Chicago website by going to www.weareonechicago.org. There you will find updates, fact sheets on current status as well as other information you can use when you contact your local representatives.
We strongly urge all Local 2 members to take an active role in future efforts by the We Are One Chicago Coalition to defend our right to our earned pension benefits.
Fraternally,
Thomas E. Ryan Jr.
President
*******
Let's see what Mr. Ryan just did to his membership shall we?
By this time tomorrow we will know what the Fire union did to their membership.
One likely guess, they'll try selling minuscule raises and equal givebacks as a "win" because they didn't "lose" anything.
Let the betting begin....
is there any group of folks, including Barry, Rham, Madigan, and all of the liberal Democrats, that are any more corrupt, incompetent, devoid of character and integrity, then the politicians in Chicago and Illinois.......so disgraceful, and yet the voters don't seem to care...
Gotta have the hotel next to where the Chiraq casino is going. Bet on it.
From the ST today:
"Newly elected Fraternal Order of Police President Dean Angelo said Wednesday he’s hopeful he can work with the city to resolve the pension crisis and deliver a new contract for Chicago Police officers after breaking the ice with Mayor Rahm Emanuel."
There it is,you guys are fucked. Your new pres is now cutting deals on the pension too. Shall not be diminished just got cut down to a " personal relationship".
http://politics.suntimes.com/article/chicago/fop-president-encouraged-ice-breaking-meeting-emanuel/wed-04092014-1245pm
Chicago Firefighters contract settled
Meanwhile....
Did Eric Holder just threaten a US congressmen -- then quickly shift his message in mid thought?
Eric Holder to Rep. Louis Gohmert - "You don't want to go there, BUDDY!
http://www.youtube.com/watch?v=Ay9eThmzp1Q
AND THEN..in a shaky voice filled with fear...
GOP Rep. Blake Farenthold Refuses to Question Eric Holder -- says he should be in jail.
http://www.youtube.com/watch?v=XDCy3avZA4I
Look at the fear in both of these congressmens eyes and then the arrogance of the DOJ. America eh?
R-E-S-P-E-C-T
Hah. There is none.
The windows are busted out at street level but those in the penthouse are running wild. Teflon Don's.
Anonymous said...
From the ST today:
"Newly elected Fraternal Order of Police President Dean Angelo said Wednesday he’s hopeful he can work with the city to resolve the pension crisis and deliver a new contract for Chicago Police officers after breaking the ice with Mayor Rahm Emanuel."
There it is,you guys are fucked. Your new pres is now cutting deals on the pension too. Shall not be diminished just got cut down to a " personal relationship".
http://politics.suntimes.com/article/chicago/fop-president-encouraged-ice-breaking-meeting-emanuel/wed-04092014-1245pm
4/09/2014 06:31:00 PM
How do we make sure Dean Angelo doesn't personally profit from cutting deals with the mayor? What safeguards or oversight do we have? Dean, you were elected to look after our own best interests.
Anonymous said...
They cant fire all of us or any of us if we didnt come to work they have no money to hire thousands of cops and even if they did it would tale them months to train them! We are in the drivers seat we just need the balls to stand up for our pensions and our future...what are we waiting for? Could you just imagine the condition the city would be in? One hot weekend in june.... And there were no officers out there?? I think they would give us whatever we wanted after that. We are continuously getting fucked by the politicians...pay our pensions... Pay more...pay more property taxes... We did all of those things already why should we have to do them again? We didnt cause the problem we followed the ruled the politicians did not
4/09/2014 03:34:00 PM
You stupid fool! If we did that, that would be illegal and the public would be really pissed against us.
There are other ways to get our point across without striking or hurting innocent people. Let's see if your small bird brain can figure that out.
"Mayor Emanuel intends to spend $55 million of your property tax dollars to build a hotel and basketball arena on the near-south side"
"Madigan wants state to spend $100 million on Obama library'
"Rahm Emanuel's proposal to spend $55 million in property taxes on a new Marriott hotel in the South Loop"
WTF I am sure there is more, but this is enough to see what this city and state is doing to us. When does it stop and who can actually stop this madness? This city and state are going to hell quickly. Our pensions are in jeopardy and these run amok politicians are playing with funds that should be taking care of it's employees and residents.
Anonymous said...
Anonymous said...
All you youngsters on the job are gonna have it worse when you retire than us current retirees.
But you're not thinking about that right now. Dumb.
4/09/2014 06:46:00 AM
Hey backstabber. Because of you probation is now 18 months. You sold the youngsters out. You're the one who voted Democrats into office for the past three generations. You sold the youngsters out. You are the ones stupid enough to place your futures in the hands of scamming Democrat pols, incompetent FOP leaders and idiot pension fund managers. You sold yourselves out.
Now you're frightened as hell because the gravy train is coming off the tracks.
Guess what? I don't worry about my retirement because I will get a 401K, I contribute the max to my IRA and I save more than 10% of my pay every year. I don't have a motorcycle, boat, second home, or tattoos. I don't throw my money away in bars or smoke expensive cigars. In other words, unlike you, I take responsibility for my family and for myself. Unlike you, I work hard and I'm a professional. I'm not a dumb fat dogass like you. I'll have it a lot better than you, during my career (10 years so far) and long after, so wring out your crying towel you whining sad sack. You make me sick.
Anonymous said...
All Hail!
Emperor Rahm has no clothes!
The deluded and pampered manling is telling everyone to kiss his ass... "Yeah, you got me! I'm cooking crime stats... So fucking what? What the fuck are you peons gonna do about it? Oh yeah... I'm still gonna fuck you guys out of your pensions, snatch back your health care, change to laws and drop a fucking casino on top of you and your families and YOU won't see a penny of that money! Fuck all of you guys!"
4/09/2014 04:01:00 AM
But, I will still let you losers work my VRI!
4/09/2014 02:51:00 PM
Yes we will shit stain! If you think anything we do to hurt the Mayor will actually cause change you are a dumb ass. Guys have been bitching about coppers working CTA for 30 years and guess what...they still do it. I worry about my family and what I can do to make us stronger and retire someday with a little security. My family is first and with VRI I have been hammering private retirement funds. Nothing we do will cause any change by the corrupt scum that run this city, county, state, and country. Just look at the billions the city spends on BS pet projects and no one calls them on it. They cry broke on the pension, but spend like crazy. Start worrying about yourself like the politicians and clouted do. It's now the only way to survive. SAD but true.
Anonymous Anonymous said...
Chicago Firefighters contract settled
4/09/2014 07:04:00 PM
And...?
Where the fuck is the G on this shit?There has to be something with this cocksucker.Or did Obuma tell the G to stand down on Chicago pols. So who goes after the G? Oh! The guy who sold arms to the Mexican cartels that got those fed cops killed.Ok. I got it.Just lay down and take a deep breath,every thing will be alright.Your street lights are on aren't they,your garbage is picked up every week ain't it Shut up and lay down Dolly we got it covered.You won't feel a thing.It's for the children.You like children don't you?The Marriott is for the kids you dope.Lay back down.Hey Goudie are you done eating?Got a story for you.What? You are after the Mafia? Ok Chuck.How about the troll? Oh she is doing a in depth secret story on secret squirrels in the hood.Dane Placko.You still on the air or have you been doing sports? Mike Royko? Hello.Hello any body.Shut up and lay down sheep.It hit 60 today.I got bodies to move and patch up holes.CIA?State Police?Any body.Latin Kings? BGD's?Walter Jacobson?Hello.Any body there.IG office?Hello, any one out there?Marines?Army?Hey my street lights are out.WTF.What do ya mean garbage is picked up every other month?What? What?Shut up and lay down asshole you're rocking the boat.Go DePaul.Go to another city losers.Shut up fucker.DePaul is a great football team and we should be proud of those rich fucking losers.
Anonymous Anonymous said...
They cant fire all of us or any of us if we didnt come to work they have no money to hire thousands of cops and even if they did it would tale them months to train them! We are in the drivers seat we just need the balls to stand up for our pensions and our future...what are we waiting for? Could you just imagine the condition the city would be in? One hot weekend in june.... And there were no officers out there?? I think they would give us whatever we wanted after that. We are continuously getting fucked by the politicians...pay our pensions... Pay more...pay more property taxes... We did all of those things already why should we have to do them again? We didnt cause the problem we followed the ruled the politicians did not
4/09/2014 03:34:00 PM
You aren't the police. I don't care if you get a check from the City that says you're on the force, you ARE NOT the police.
Police don't leave innocents to fend for themselves. Police are BETTER than that. There are other ways to take action, but you can't see that because you aren't and never will be the police.
Trading on non-public information = insider trading = criminal act. Hello Zachary T. Fardon - do your job.
SCC
I attended the Board of Directors meeting on Tuesday and was surprise how active BILL Dougherty, Rich Agui-liar and Sid Davis were with the new board.
The three of them sat at the end of the table, almost as an extension of the current board who were seated in their usual u-shape tables.
I guess it's hard for Dougherty and Citywide to let go.
Then someone informed me that the old field representatives will hang around a while as the transition period developes.
Shouldn't Dougherty be back in 022 Dist???
JUST LET GO BILLY BOY.
WILL SOMEONE PLEASE INFORM BILLY BOY ITS OVER AND HE'S NOW PART OF THE WALKING DEAD,
Thank you SCC
I heard someone put a goats head near a Cubs sign by the Kennedy. I wonder if this will fix the curse?
4/09/2014 01:32:00 AM
Who fuckin cares?
Dean Angelo is in office three days and met with Rahman to cut a deal for himself. You really should stop doing drugs before you get a piss test. Back to Burger King for you.
Oh the humanity! Sensible knife control NOW! When will all this edged weapon carnage stop? What's the matter with society? Stop this, no long knives, no multiple knife sales, register knives.
And my favorite, knife in a red circle with a line through it decals!
Anonymous said...
Off topic,Dean Angelo had breakfast with the mayor on tue. hope it was positive but Dean if WE find out you made some kind of deal even an implication of one,you will gone in 3 yrs and trust me,your son will be voted out also,just saying
4/09/2014 12:40:00 AM
Fifteen minutes isn't a meeting it's a warning.
4/09/2014 03:40:00 PM
With the dumping of Shields as a guide, it shouldn't take three years to get rid of a good for shit union president. It only take a group of dedicated and pissed off sworn members who do something other than sit on their hands and/or blog drunk.
Firefighters just got a contract. 11 percent over 5 years. Crappy, but slightly better than the deal Pleines negotiated for the Sergeants - and with no pension reform that the Sergeants tried to give up. Why are all the unions so afraid to roll the dice and arbitrate? They couldn't do much worse than these deals.
Just a citizen here. And the latest 55 million for another hotel did not escape my attention. I've been keeping a tally of all these large amounts of money being spent. I am not in favor of spending taxpayer dollars on hotels, stadiums or anything else until the city pays it's pension obligations. And a lot of other taxpayers feel the same way. The city keeps spending all this money and then expects the taxpayers to fix the pension mess. City hall quit screwing around and get your finances in order. While you're at it, you might want to place a large order of moving boxes because the mayor and aldermen are going to need them soon. They are completely out of touch with the citizens of this city.
How can you not think this Marriott deal isn't crooked,if you catch one lie there are many more,if this deal seems crooked in one area it's likely crooked all around,especially since it's a money making scheme ! Everything that's being done in this city is a money making scheme,why? Because if debts are to be paid and monies are to be had,then making more than enough is key to stealing it so it's not noticed,while all the while claiming it's not enough and you don't have enough,or you are broke,just like when somebody asks you for a loan,and you don't want to give them any funds,you say,I don't have it,I'm broke!
Gee McCarthy has not been on TV today to announce crime is down. I feel so lost and confused.
Where is Gary Chico anyway?
OT
007 went up for grabs tonight. Chief Queef's cousin just signed a contract with Interscope records and was immediately sent to see tupac and Biggie. (Aka he was kilt) along with another relative of Keef. There's going to be some retaliation big time.
Anonymous said...
More pension B.S.....
Still in the bill are two provisions to penalize the city if it does not make the pension payments. The state comptroller would be allowed to divert millions of dollars in annual state payments away from the city and into the pension funds a provision that was made stronger in the most recent version.
******
Point #1: This is the same bullshit they used in the state illegal pension theft legislation. Understand this: THE COMPTROLLER DOESN'T MAKE THE DECISION TO FUND ANYTHING, THEY MERELY SIGN THE CHECKS!!! Suing the comptroller doesn't accomplish a FUCKING thing because they're not responsible for FUNDING a damn thing. Additionally, "WOULD BE ALLOWED" to divert money doesn't mean shit.... "allowed" to does not mean IS FORCED TO BY LAW. The comptroller can be ordered to go eat shit and once again, suing the comptroller doesn't accomplish shit as the suit gets thrown out of court on it's face.
For the rest of your post the operative word is "can", which. again, doesn't mean a fucking thing in a court of law.
Every employee involved gives up an average of 1250.00 per year of their income ALONG WITH THE ALLEGED 50 BUCKS A YEAR THAT EVERY PROPERTY TAX PAYER ALLEGEDLY WILL PONY UP.
Our fucking 1250.00 is no fucking parity to a petty fucking 50 bucks a year that the majority of the city has to pay up.
FUCK Emanuel's "both sides share the pain" bullshit because no other motherfucker in this city is gonna pay what the employees are fucking paying.
TIFFS ARE ILLEGAL SLUSH FUNDS THAT SIPHON OVER 500 MILLION DOLLARS IN TAXES AWAY FROM THE CITY'S LAWFULLY OBLIGATED SERVICES AND DEBTS!!!
4/09/2014 04:42:00 PM
I pay about $8500 towards my retirement a year, not 1250. I also pay clots to $6000 a year in property taxes. I don't know what the 1250 figure is from but I agree with all your points.
You stupid fool! If we did that, that would be illegal and the public would be really pissed against us.
There are other ways to get our point across without striking or hurting innocent people. Let's see if your small bird brain can figure that out.
4/09/2014 08:12:00 PM
What other ways? CPD has had over 50 years to figure out this mess. What do you have to show for it?
As I said before, I don't think it'll happen because you're all sheepdogs to the bitter end and that's a great thing to be, but the city sort of knows this too and that's why y'all are getting bent over and screwed up the ass repeatedly.
But hey, you can wait until after Holder is out of the DOJ and there's someone with teeth heading it... then y'all can bare your fangs.
In the meantime, I think its downright pathetic and depressing that an organization mostly comprised of sheepdogs is being run by a pack of wolves !
In what UNIVERSE is this supposed to be good for public safety?
There are other ways to get our point across without striking or hurting innocent people. Let's see if your small bird brain can figure that out.
4/09/2014 08:12:00 PM
Like EVERYONE not working any VRI. Ever. Again.
nonymous said... Anonymous said...
They cant fire all of us or any of us if we didnt come to work they have no money to hire thousands of cops and even if they did it would tale them months to train them! We are in the drivers seat we just need the balls to stand up for our pensions and our future...what are we waiting for? Could you just imagine the condition the city would be in? One hot weekend in june.... And there were no officers out there?? I think they would give us whatever we wanted after that. We are continuously getting fucked by the politicians...pay our pensions... Pay more...pay more property taxes... We did all of those things already why should we have to do them again? We didnt cause the problem we followed the ruled the politicians did not
4/09/2014 03:34:00 PM
You stupid fool! If we did that, that would be illegal and the public would be really pissed against us.
There are other ways to get our point across without striking or hurting innocent people. Let's see if your small bird brain can figure that out.
4/09/2014 08:12:00 PM
Shut up the two of you!!! If either one of you clowns thinks that this will ever happen then please don't ever attempt to achieve any rank.
The second poster is the dumber one of the two and the scary thing is he probably has some time on the job. Don't worry buddy, you can still come to work and play T.J. Hooker because hell will freeze over before any united front is ever formed by this current department.
Hopefully the SEC and the Feds will take a much closer look at Rahm and his "under the table" deals. Insider trading is illegal.
Anonymous Anonymous said...
They cant fire all of us or any of us if we didnt come to work they have no money to hire thousands of cops and even if they did it would tale them months to train them! We are in the drivers seat we just need the balls to stand up for our pensions and our future...what are we waiting for? Could you just imagine the condition the city would be in? One hot weekend in june.... And there were no officers out there?? I think they would give us whatever we wanted after that. We are continuously getting fucked by the politicians...pay our pensions... Pay more...pay more property taxes... We did all of those things already why should we have to do them again? We didnt cause the problem we followed the ruled the politicians did not
4/09/2014 03:34:00 PM
You aren't the police. I don't care if you get a check from the City that says you're on the force, you ARE NOT the police.
Police don't leave innocents to fend for themselves. Police are BETTER than that. There are other ways to take action, but you can't see that because you aren't and never will be the police.
Couldnt agree with you more. To think this guy is carrying a gun with thoughts like that. Let the city go up, thats not what I signed on for. I'm not happy either, but this will never or could ever take place, but just to even think this silly shit.
I pay about $8500 towards my retirement a year, not 1250. I also pay clots to $6000 a year in property taxes. I don't know what the 1250 figure is from but I agree with all your points.
4/09/2014 11:51:00 PM
You will be paying an ADDITIONAL $1250 toward the pension and ADDITIONAL real estate taxes. That's what the post referred to.
WILL SOMEONE PLEASE INFORM BILLY BOY ITS OVER AND HE'S NOW PART OF THE WALKING DEAD,
Thank you SCC
Why didn't you tell him yourself when you were there?
Love how all the tough guys threaten to kick Dean out in 3 years if he doesn't keep his promises. In three years he will be 63 and have to go anyhow.. he is a one term guy no matter what happens.
I dont recall seeing anything stating fop pres has to retire at 63.
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