Rauner Vetos, Rahm Whines
A picture is worth a thousand words:
- Chicago pension plans are massively underfunded to the tune of $18.6 billion. Yet, the Illinois legislature passed a bill that would actually reduce contributions to the fund.
Governor Bruce Rauner made the fiscally responsible decision to veto the bill.
As expected, Chicago Mayor Rahm Emanuel points the finger at the Governor instead of looking in the mirror to see what the real problem is.
This author also advocates municipal bankruptcy as a "solution" for Rahm and Chicago - not something responsible like cutting spending, handouts, construction, or reform. Just running up the debt, then having a federal judge sort it out in the end.
Labels: pension
posted by SCC at 12:07 AM
130 Comments:
Thanks Richie, good job Rahm!!! You guys are the best!!!!
Underfunding the pension results in the pension generating less revenue than it could, and should.
Thank you, Governor. Maybe, because you are forcing Rahm to fund my pension, I will actually outlive it. Under Emanuel's current cavalier attitude and incompetence, I certainly would not.
Thank you, again, Governor.
Anything to the rumor that they have re opened, and equipped, the torture chambers in the second level basement at Homan Square?
Fuck you Daley
Fact is that a Democratic legislature in Illinois passed the pension reform law years ago because Chicago could not be trusted to make the appropriate payments on their own.
The headlines then state the city could have saved millions, if they didn't have to pay. Well, if I didn't pay everyone I owed, I would be a millionaire, but probably in jail. This is theft. Cut and dry. They then raise taxes, so the contributions to the TIFFS increase. End the Tiffs and put that money towards the pensions. Simple!
Municipal bankruptcy? The Dems would have to admit failure. The unions would have to take a hit. No chance.
While the media ran all sorts of reports on how the city was keeping the citizens safe with thousands of extra officers (lies) it showed Rahm shaking hands with officers. Where is the solidarity that the FOPcould foster similar to the NYPD's PBA when they shunned NYC
Mayor De Blasio?? If done politely - the rank & file can refuse to shake hands and Rahm would be a fool to seek retaliation if this was videoed.
Deano -'you met the reform panel report & Lori Lightfoot head on. Now it's time to do the same with Rahm and the pension shortfalls while silliness (and economic chaos) seems be the order of the day.
WTTW Ch. 11 replayed some of your earlier interview last Thursday. They would probably give you air time on the pension issue since they asked you to reappear on their Chicago Tonight program. It's time to step up and be a real leader when at least one media outlet is ready to air your views. Do the job that we elected you to do. Fight for our pension.
Retired .38 spl +P
It is unbelievable that Madigan and the General Assembly ever passsed something like this.
Even after 4 decades of ringing up debt and shorting pensions, Madigan apparently still has not learned a thing. He must be going crazy. It's sickening.
THANK YOU GOVERNOR RAUNER! Thank you for making a logical decision to help make sure the pension funded actually gets funded the way it is supposed to.
Yes , just let it fail and then build something new on it's ashes .
But realize that there will be many loosers.
OT - All Lawyers fear this to no end. ARDC complaints. This is taken very seriously. They will spend man hours of their day answering to these complaints.
It is a tool for citizens to get answers when they find the attorney' did them wrong. Also, not to used for totally bogus complaints.
Many good lawyers out there and the citizens need to weed out the crooked one filing complaints. Police have to answer to alleged misconduct and so do licensed Lawyers.
Check the web site - ARDC
Good News Citizens!!!!
There is a decrease in the increase! That means everything is getting better! Would I lie to you?
/s/ The guy with a fully funded crony fund.
Does anyone think they are really going to collect their full pensions if they are under fifty years old?
The solution is to have a big parade to make everyone happy.
I am sure we could get many units in the Parade from Chicago, Cook County and even the state. A parade takes everyone's mind off of the real problems.
See you at the next one!
Bingo...the exact year I retire, and no social security. Wish I chose to do something else. Thanks Richie and the rest of the crook county Democrats. We'll all have go fund me pages with no donations thanks to the demonization of the police in this country. Lawlessness and civil unrest everywhere caused by....you got it Democrats. We're all fucked.
HEY!
I've been talking about going to Bankruptcy Court for over 2 years already. It is a REAL solution.
Do you really think these knuckleheads are going to figure out some plan? How come no one is cutting spending? (that is the ONLY other viable solution)
Plus, I don't see the Unions backing down. Just think if the teachers' union would tighten their belt a little instead of wanting even MORE than the over 13% being offered.
They can't take any cuts? (For doing a LESS than mediocre job??)
After all the raises they have had - while many took cuts in so many other industries? Or lost jobs and had to take lesser jobs?
It would be different if Chicago had some stellar academic program - it doesn't. A 50% drop out rate doesn't ring the bell as some monument to "Academic Excellence".
People were warned - take a cut, but keep your job - AND benefits. Now, as you said, let a judge figure out how many nickels you get for every dollar.
Real smart! REAL smart.
That is the American way. Running up debt, printing money to pay for it and do not care what happened to the victims. Pension debt, External debt. What Rahm is doing is no different from what the American Government is doing.
I don't want any part of bankruptcy for the city and their pensions.
That being said I don't think Rahm would have any problem with it.
That little asshole has never had any intention of fulfilling the city's pension obligation to us.
May you rot in Hell Rahm.
The Ballerina Cant THINK on how to make any Money to cover the Pensions , Yet he still doesn't start a Casino for Chicago , or any thing else that can Generate Money,. But all of a Sudden when he wants something he Pulls MILLIONS OUT OF HIS ASS , and everyone is left wondering WHERE did he get all this Money if they keep saying Chicago doesn't have Money ( WERE BROKE ) Yeah RIGHT . He keeps putting the Blame on Rauner ,Because its all his Bullshit Game he keeps playing , Trying to fool the People , He will NEVER get any money from Rauner , The State is 7 BILLION in the Red. Good Luck Ballerina , Keep your Bullshit Flying , What a Joke , cant wait till he Leaves , it cant come soon enough
What happened to the increase in taxes for the pensions. That money better find its way into the funds or some politicians should be going to jail
Rahm needs to quit blaming everyone else. He took it to court and lost . He took it to Springfield and lost. Pay your obligation! Raise taxes, pay the debt and then lower taxes.
This is nothing but a dog and pony show.
This smear campaign against the police is directly tied to this pension issue. They are trying to make the case that officers do not deserve their pensions, so expect more an more of the same.
In The News Today” topics and scripted responses to expected questions that read like a stage play.For instance, if a reporter were to ask if the new policy is meant to tell police officers to “stand down? Not to do their jobs? Run from trouble?” the script calls for the mayor to say, “Absolutely not.”
Then the mayor’s “press guidance” includes this stage direction: “TURN TO JOHN,” a reference to then-acting police Supt. John Escalante, whose lines are also included in the script. Half of the projected questions included in the script called for Emanuel to say a line or two and then “TURN TO JOHN.”
Read more: http://www.americanthinker.com/blog/2016/05/public_records_request_yields_hilarious_level_of_scripting_used_by_rahm_emanuel_for_a_news_conference.
Blue flu for pride
NewsOne Now panelist Ralph Chittams, Senior Vice Chairman, Republican Party of the District of Columbia, said Chicago attorneys don’t want Mayor Emanuel to testify “because if he testifies, he is going to perjure himself.”
“They don’t want him on a stand with his hand up, one on the Bible, swearing to tell the truth knowing full well he is going to lie,” “I have absolutely zero respect for Rahm Emanuel.”
“I just find it very ironic that he’s just talking eloquently about this code of silence when he is at the top of the code of silence,” said DeWeever.
What about your nearly 3 billion in TIFs Rahm? What up about the tax raise and garbage collection fees you created last year to pay this ?
Its not you money to give to you friends RAhm. You better something right for the first time in lying spoiled thieving LITTLE life jagoff!
/
Anonymous said...
Fuck you Daley
Rahm has done more damage to us in 5 years than Daley did in the last 20 Im no Richie fan but google it there is a chart that will show you Rahm's the anti-christ I think if you google who has been more fiscally irresponsible Daley or Rahm it will come up its about 4 months old.
Bingo...the exact year I retire, and no social security. Wish I chose to do something else. Thanks Richie and the rest of the crook county Democrats. We'll all have go fund me pages with no donations thanks to the demonization of the police in this country. Lawlessness and civil unrest everywhere caused by....you got it Democrats. We're all fucked.
Get three squares a day, shelter, a work out room, a law library, and free medical just whack them all If our pension goes broke
FOP pushed for this bill. Dean was pissed that bit didn't pass.
While the media ran all sorts of reports on how the city was keeping the citizens safe with thousands of extra officers (lies) it showed Rahm shaking hands with officers. Where is the solidarity that the FOPcould foster similar to the NYPD's PBA when they shunned NYC
Its simple instead of turning our backs on Rahm -the equivalent to dropping soap- put a finger to you lip the quiet/silent gesture in honor of Rahmies "Code Of Silence" statement that is going to cost the city millions in future court cases and is going to land MR slick the smartest man in the room RAHM in court himself.
Rahms testimony in court: yeah I've always been a fan of Chuck Norris his flexibility is sublime
Yet no federal finger ever gets pointed a Daley.
Why does anyone still think they will get a full pension. This city is beyond repair
This author also advocates municipal bankruptcy as a "solution" for Rahm and Chicago - not something responsible like cutting spending, handouts, construction, or reform. Just running up the debt, then having a federal judge sort it out in the end.
------------------
Something responsible? Haven't Rahm tried that by cutting schools, increasing fees, etc? Also, Madigan and company ain't even doing that; he's trying to pass a budget that is still 7 Billion short..
Damn if you do, damn if you don't; SMH
Where were the lawsuits as the money dwindled? Look at the chart. Daley still was winning elections by a landslide yet the pensions were dissolving in front of your eyes. Crickets. You cannot blame this on welfare receipients. I have yet to see anyone at the banks jump out of windows or see them on TV in a standoff because they lost their money. Ken Griffin just bought a house worth 200 million and no one will ever live in it. Warren Buffett actually made money so did Bill Gates. Bill Gates is not a financial wiz. But the assholes who manage pensions are yet they still get paid. And they still have a job. Will anyone go after Vanecko, he walked away with 68 million. Imagine if that was invested in Facebook or Google or even Apple. Go after the thieves. Someone.
What an economic engine this city and state was and could be again. But it sits idle. Idled by corrupt, incompetent policitians who shake down business development telling Walmart where they can build a store, who they have to hire to build it or prohibiting a business from locating here because it does not have "Chicago values". The utterance of a fool Rahm. But let us build Millenium Park which my daughter proudly proclaimed was built in honor of her generation. No sweetheart, it is a monument built by Daley so he could have his name on it and his cronies could scam what was supposed to be costs of $250mil sucked from the taxpayers and pension fund obligations to the tune of about $400 mil. Then spread the money around to everyone involved in the project laundering through back door channels rather than fund municiple obligations.
Now Madigan sends a budget to Rauner for $40BIL in spending and revenue projections of $33BIL which he refuses to sign. This makes all the crooked people in this state furious. Folks, we sent Rauner to Springfield to kick Madigans ass. Hold the line Rauner, no budget deals until we get pro business growth legislation so the corporate taxpayer can contribute from the business revenue stream. Indiana figured it out, why cannot the university idiot crowd here get it?
Bingo...the exact year I retire, and no social security. Wish I chose to do something else. Thanks Richie and the rest of the crook county Democrats. We'll all have go fund me pages with no donations thanks to the demonization of the police in this country. Lawlessness and civil unrest everywhere caused by....you got it Democrats. We're all fucked.
Why are you blaming Crook County for a Chicago problem? (CPD Pension). If you are then it is not just Democrats. Its also the Republicans. They alll had their hand in it.
Yet $Ritchie Daley collects 3 pensions ....... and those 3 pension funds are all well funded.
Our pension funds?...... not so much after $Ritchie's kid and relatives were done using it as their piggy bank.
Daley and Rahm should be brought up on charges of "Official Misconduct" and sit in a Federal Cell next to Blago for the next ten years!
I think it is funny how so many on this blog were bashing the governor a few years ago when he was elected! How quickly we forget. Many of you gave the typical "don't vote for him," he is the mayor's buddy....well I for one believed in our governor. He is a businessman and knows where the buck stops. Can you imagine if "potato head" was elected? We would no longer have a pension. THANK YOU GOVERNOR! Now it's time to get rid of the mayor, Madigan and their kind!
Riddle Me this: Why's there a BIG push by CPS, CTU, and teachers for more funding for CPS schools? Whee is the money going to go? Plain and simple, it's because schools need more funding for teacher salaries and benefits.
I live in the West Lakeview area and I'll give you a sampling:
Hamilton School's budget for FY2016 is $3,672,393 of that amount $3,554,857 (97%) is used for teacher salaries and benefits, That leaves $117,536 for everything else the school needs (transportation, vendor contract, books, computers, soap, paper, toilet paper, etc.)
Lake View High School's budget for the same fiscal year is $11,793,061 and $11,370,620 (96%) is used for teacher salaries and benefits, leaving $422,441 for everything else the school needs for the year. (FYI: 25 arrests outside Lake View since February, 2016)
Go to Interactive Reports on this link and choose the 'Find your school' option and type in your school name to see where the bleeding is at your kid's school:
http://cps.edu/FY16Budget/Pages/FY16Budget.aspx
What I don't understand is why FOP agreed to the "kicking he can" for an additional 15 years with this last bill that got passed then vetoed. Really Dean? Please Dean tell me why you went along? In 2011 they agreed to putting in funding in 2016 then the day comes and we give them 15 more years? Are you insane Dean?
All I've got to say to is I'm so glad I started my own business and have money saved up. I'm leaving next year and will try to get my pension contributions back while the rest of you continue to contribute to a defunct fund. If you have over 29 and stay you have to ask yourself why.
"This author also advocates municipal bankruptcy as a "solution" for Rahm and Chicago - not something responsible like cutting spending, handouts, construction, or reform. Just running up the debt, then having a federal judge sort it out in the end."
Right on, notice who the author writes for, BLOOMBERG........Rahms pal.
So many bribes to take. Why do you think they always find these creeps with shoeboxes of cash.
No construction NO BRIBES.
So the whole casino promise was just a lie to get reelected?
I have been working part time jobs since I retired, because I expect the letter telling me my pension is going to be reduced to arrive any day now. My Social Security is already reduced, thank you Democrat Chairman of the House Ways and Means Comm., Dan Rostenkowski, and Daley and George H.W. Bush, who became buddies with Dan, before Dan went to prison. Meanwhile, illegal POS, scam full Social Security Benefits for them and their kids. I wonder where all of those Loud Mouth cops who back in the 80's used to say: "Da Pechen iz Secure Cause of da Illinoise Constatusiun and State Legizlatur." I hope there in some hell hole nursing home staring into space while wearing a piss filled diaper! Also, if things are so bad; why do we still maintain a Gold Braid Pension? Gold Braids are political, not earned in a competitive exam. Let them retire at their highest rank earned by exam, which will not exceed Lieutenant. Baby"G"
If you think you're ripping off my pension and still getting police protection when the masses start rioting in the streets for your head on a spike Rahm, you got another thing coming. You better just hope you make it on a plane back to Israel before they get you.
where were the traitor union wonks when richie rich started to shortchange union contributions?
How about a bill to cut spending on useless voters?
Anything to the rumor that they have re opened, and equipped, the torture chambers in the second level basement at Homan Square?
5/30/2016 12:27:00 AM
I was working a guy over there last week while trying to find out who was selling all the loose cigarettes at Madison and Pulaski, but he wouldn't name names and I had to give him a "Theon Greyjoy." That'll teach him...
Nice graph......shows how little the politicians cared about paying their bills.....
Another interesting article yesterday on CheatSheet......regarding a study of "entitlements" paid out over a 5 year span
Bottom line was that 41% of all benefits have been going to 12% of the population for at least those 5 years, which includes the recession years when millions lost their jobs and homes. Really hard to balance the budgets in the city and the state when half the population doesn't pay anything. And so it continues today, to the cost of $160 billion a year. ( Here in Chicago, we are literally on 5 generations of welfare entitlements....which was lawfully only supposed to be a 5 YEAR maximum) And Hillary wants to expand these!
Here in Chicago. We need to CUT the size of government.....cut the alderman down to 25.....use the TIF funds going to 9 1/2 and PAY THE PENSION FUND! Each alderman cut would save almost 2 to 3 million a year! Use that to PAY THE PENSION FUND! Some people much smarter than I need to figure out how to get THIS on a ballot!
Rahm is a weasel.Actually,he's an insult to weasels.
Detroit here we come!
Fuck you scumbag Daley and Rahm! Will so reporter please do a story on Daley's multiple pensions and how much they pay him a year. These politicians are the lowest evil fuckers in the world. They caused such a financial mess by spending on things that keep them in powere. Look what they did to CPS. The police do not get social security all they have is the pension.
Bankruptcy is indeed the goal. Rainer wants it to screw over union employees, Rahm wants it to clear the fiscal slate. And we're going to get it up the butt.
Those of us who think the veto was a good idea are out of their minds. This will come back to haunt us horribly.
What are the names of the members of our pension board who, year after year, authorized moronic "investments" in schemes orchestrated by Daley Crime Family, all of which failed and lost millions?
If the media had some real reporters they would put a bit of back ground in this story as to why law is what it is and then ask Rahm why he failed to do anything to address the pension shortages during his first term as mayor.
Dieter said...
Municipal bankruptcy? The Dems would have to admit failure. The unions would have to take a hit. No chance.
5/30/2016 01:11:00 AM
I don't agree with you 100%. I don't see Chicago bankruptcy in the near future, say within the next 8-10 years, but I do see it coming. If you look at the salaries and benefits of government employees in this city, county and state, they are almost 30% higher then private industry with unsustainable pensions. There are many people holding government jobs that are not doing their job descriptions and are unnecessary. The police department budget has been used to take care of the political class for decades with people paid way beyond their skill set to do unnecessary jobs, often called "administration assistants" or some such title. Some years back there was such a person working in the 1st Dep office with a take home squad car. The person was on the CPD budget but did not work in CPD. they are hiding people over departments. All of this will crash someday down the line.Way too much borrowing.
Rauner is the only honest person in government. I might not like everything he says and does but his way will save the state and he is honest in what he says and does.
BANKRUPTCY would mean a accounting of all funds tif's included and that won't happen.
FLATLINE, Just like a heart monitor...
Hope everyone will be happy when their property tax bill goes up 40%. Good luck selling your house if you live in Mt. Greenwood or Garfield Ridge. Don't think many couples are going to shell out 275K for annual taxes of $4K a year. Do you actually think Rauner, a Union Buster, is looking out for the interests of the FOP? I thought we were in a Union??? Wake up!! I don't have a problem in extending the deadline in funding the Pension. Why...the City's broke. This a plan and it will work. And foremost...do your research. Every Republican legislator has in fact voted in lockstep with this Republican Governor. Check out his "Turnaround Agenda" and prevailing wage laws, workers compensation, safety issues, etc. etc..Stay informed and know the facts. Keep thinking, as he wants to destroy every Union in Illinois that he will leave the beloved FOP alone. Believe me...we are next. If he could have you make 32K a year he would. Time to think of the impact this Governor wants to have on any of your friends, relatives, or family members that also belong to a Union. This is called Solidarity. Something many of this Generation apparently don't know anything about. Pretty sad...especially on this Memorial Day!!
Have about 9yrs on. Do you guys think I should just leave. I make very good money here and max in deferred. Don't think I can make this much anywhere else.
Rahm needs to go to General Business 101, pay your bills before you play. You do not build basketball arenas for private schools (with a board that has many campaign contributers), build bike lanes, give tax breaks to big companies (also campaign donors), and turn your back on your fiscal responsibilities. That is terrible govermenting. The funny part is instead of realizing that economic repair will not happen unless the liabilities are addressed responsibly, this egomaniac crybaby is now trying to turn it on Governor Rauner. Yes folks, Rauner is the reason for the continued funding of non-essential projects, political favors, and promoting laziness. Regardless of your political position, how can you responsibly continue to borrow/spend, and think we can get back on our fiscal feet? We can point fingers all day, at Daley, Blagoavich, Quinn, that's over, we need to have leaders now that realize some difficult decisions need to be made, and make them. Downsize, make cuts, stop promoting laziness, stop spending on wants, start spending on needs! Pay your bills! Then we can discuss expenditures and where they should be allocated.
Thank you Gonernor Rauner for holding those who believe they are accountable to nobody accountable.
I read the entire article. The worst part was at the end, where the author stated that municipal bankruptcy is the ONLY solution.
If you think Chicago filing for bankruptcy is as bad as it can get, there's more:
How many more years into the future (and it won't be long) before the U.S.A. itself is totally bankrupt.
When Reagan took office in 1981, the national debt was around 1-TRILLION. When George W. Bush took office in 2001, it was 5.5-TRILLION. When Obama took office in 2009, it was around 10-TRILLION. As he leaves office, it will be around 20-TRILLION. That nation-debt-bubble will eventually burst, crashing the value of the U.S. Dollar. And what is it like to live in a country where the currency is worth virtually nothing?
Read it and weep:
http://www.latimes.com/world/mexico-americas/la-fg-venezuela-lines-20160530-snap-story.html
Bankruptcy will also effect the bondholders who as we know are very, very important to Rahm, the city and the state!
Since we are disusing politics consider the following
What will happen with the Supreme Court of the United States
Some people have brought up the fact that they won't vote for the Republican nominee if the eventual nominee is not the man they wanted.
Put something in perspective.
Justice Scalia's seat is vacant.
Justice Ginsberg is 82 years old
Justice Kennedy is 79
Justice Breyer is 77
Justice Thomas is 67.
Nowadays, the data shows that the average age of a Supreme
Court Judge retirement or death occurs after 75.
These are 5 vacancies that will likely come up over the next 4-8 years.
The next President will have the power to potentially create a 7-2 Supreme
Court skewed in their ideology.
Think about that... 7-2. If the next President appoints 5 young justices, it will >>>guarantee control of the Supreme Court for an entire generation. And 7-2 decisions will hold up much more over time than 5-4 decisions which are viewed as lacking in mandate.
Hillary has made it clear she will use the Supreme Court to go after the
2nd Amendment. She has literally said that the Supreme Court was wrong
in its Heller decision stating that the Court should overturn and
remove the individual right to keep and bear arms. Period.
Anyone and Everyone who is saying that they won't vote for one candidate
or the other if they are the GOP nominee, please realize this. Hear this! If
Hillary Clinton wins and gets to make these appointments, you likely will never see another conservative victory at the Supreme Court level for the rest
of your life. Ever.
Whoever is the GOP nominee ... go VOTE for the GOP Nominee!
Remember Mitt Romney? Three million conservatives who had voted for McCain did not cast a vote for Romney (for whatever reason) .... and the result was four additional years of Obama.
AND ONE FINAL THOUGHT, Hillary's already on the record as saying that
her buddy, Obama "would make a great Supreme Court Justice."
Read that last sentence again.
Now are you concerned enough to REGESTER AND VOTE.
Anonymous Anonymous said...
Anything to the rumor that they have re opened, and equipped, the torture chambers in the second level basement at Homan Square?
5/30/2016 12:27:00 AM
They never closed. They are simply hidden by Harry Potter's invisibility cloak.
The Democrat plan is clear:
Continue to underfund the pensions while using the money to enrich their cronies.
Then, when the crisis hits - when they can no longer make pension payments to retired workers - they'll go to the federal government (during a Dem admin) and get it all funded from fed dollars.
Does anyone doubt that Hillary would bail Chicago out?
What Daley did to our pension fund was criminal, and he should be prosecuted for it.
Lawlessness and civil unrest everywhere caused by....you got it Democrats. We're all fucked.
Not if we don't elect any more Democrats
Rauner is the only one in high enough power at least trying to right the ship for Illinois. Some of his moves might not be popular for organized labor, but neither is bankruptcy 10-20 years out for the entire state. This job is the only thing keeping my family in Illinois right now because I'm too far in. Not Chicago, but Illinois. I've already lost two siblings + their families, and my retired parents to other states. That's just my immediate family.
Madigan needs to be jailed for what he's done to this state. $7 Billion dollar deficit is not a budget.
That is the bad news. The good news is that Chicago home values are booming and now rent prices are booming. Just look at all of the new luxury apartment building being built in the south loop and other trendy neighborhoods. Long term I am bullish on Chicago and so should you be. Because if the ship goes down, you are going down with it.
It looks like pork and beans and cat food for retirement.
- All Lawyers fear this to no end. ARDC complaints. This is taken very seriously. They will spend man hours of their day answering to these complaints.
It is a tool for citizens to get answers when they find the attorney' did them wrong. Also, not to used for totally bogus complaints.
Many good lawyers out there and the citizens need to weed out the crooked one filing complaints. Police have to answer to alleged misconduct and so do licensed Lawyers.
Check the web site - ARDC
5/30/2016 01:41:00 AM
Unfortunately ARDC wont take complaints against states attorneys.
OF
CPD closed off LTD due to overcrowded lake front.
Time to move out !
An examination of the trend line for actuarial contributions shows a decline. This is due to the decrease in the cost of living increases for those born after 1955 - which would be just about every active member and many recent retirees.
This is one the "reforms" the State tried to do with their cost of living increases but was overturned by the Supreme Court. The City police pension code does not provide the same protection. So now you can see a graph showing the amount of dollars sucked out of benefits that went to cost of living increases to protect against inflation.
Chicago police officers have the lowest pension benefits in the entire State. As taxes rise and all other costs go up police pensions will remain flat.
Bankruptcy ? Impossible ? Could never happen ! Ask Greg Bella . He said that when he ran against Mike Shields . Imbedded in stone . What's amazing is that this guy still exists . Time to retire this old dinosaur . Time to vote out the " crew " that's in there now ! Our union has failed us on so many fronts ! Dean - out , Ray - out , Greg-gone , Tommy - back to the tavern , Kevin - go back to the super office and caps - back to wherever !
Senate backed Rahm and overrid Rauner's veto. A big fuck you to your pension.
Thank you. Thank you. Rauner.
Key words Chicago shorted pension fund , not employees .
Pensions if any to be reduced Mayor , Alderman , State Representatives that voted for reduced pension age , years of service without researching it .
BGA needs to demand a forensic audit of city of Chicago for the last 10 years .
Look at all the high rise buildings . How can Chicago be a sanctuary city and afford to house , feed ,educate provide police , fire protection , health care for illegal immigrants . That needs to be addressed before one penny is taken from any city workers pension .
Trump is the answer to some of the problems .
Hilary and Bernie offer more free , less enforcement of current laws .
Every home owner should pay the same real estate tax on single family homes based on lot size , We all receive same basic services garbage ,snow removal , street cleaning . Some areas should pay an added real estate , rental tax if their neighborhood receives more Police and Fire Department service . Look at 16 , 17 on the north side , 8 , 22 on the south side very few calls for service , less Police on Patrol and our taxes are triple of Englewood , Roseland , Fillmore , Austin , Ogden . Not very difficult to figure out .
Anything to the rumor that they have re opened, and equipped, the torture chambers in the second level basement at Homan Square?
5/30/2016 12:27:00 AM
Yes, it's true, but when they realized how efficient the environment was at sucking the life out of people, it was re-named Bureau of Patrol.
The liberals are never never at fault at anything and everything!
I second the Blue Flu for Pride. It's time to take the gloves off.
Anonymous Anonymous said...
FOP pushed for this bill. Dean was pissed that bit didn't pass.
-------------
Dean should be in jail for wanting body cameras.
Dean should be in jail for not going on record against the state ISR's.
Dean should go to jail for being on disability and yet be agile.
Dean should go to jail for not paying a delinquent water bill.
Dean should go to jail for truncating the FOP video.
Dean should go to jail for handing out pencils at promotion exams.
Dean should go to jail for not endorsing pro-police police officers for political office.
Dean should go to jail for allowing the tuition reimbursement to be reduced after he gets a PhD with it.
Which one is accurate?
(OT) oh no closing the beaches again? This Tim to crowded or did the thugs and illegal invaders start up chiraq mantra again?
http://www.chicagotribune.com/news/local/breaking/ct-entrances-to-montrose-beach-shut-down-at-montrose-wilson-avenues-20160530-story.html
Is that the new "to hot" excuse?
Move
Illinois legislature overrides veto of bill to ease Chicago pension payments
A bill to spread out Chicago's payments to its public safety workers' pension will become law after the Illinois House and Senate on Monday overrode the governor's veto.
F-U Mike Madigan
More narrow minded nonsense
http://www.chicagotribune.com/news/opinion/editorials/ct-police-contracts-laquan-rahm-accountability-edit-0531-jm-20160530-story.html
Must be nice to be a suburban cop. They pay into the fund yearly.
Unfortunately, your topic header now has to read "Rauner vetoes, ramn wins". Makes me want to vomit.
No pension / No police-ing. Stay safe and fetal
When the Lucas museum is built the billion of revenue dollars that will bring in will solve all our pension problems.
9 year guy......yes take the hit and go. Put applications in wherever you can.
Anonymous Ghost of Policeman Past said...
I think it is funny how so many on this blog were bashing the governor a few years ago when he was elected! How quickly we forget. Many of you gave the typical "don't vote for him," he is the mayor's buddy....well I for one believed in our governor. He is a businessman and knows where the buck stops. Can you imagine if "potato head" was elected? We would no longer have a pension. THANK YOU GOVERNOR! Now it's time to get rid of the mayor, Madigan and their kind!
5/30/2016 07:11:00 AM
No thanks are due yet, if ever. With the 7 billion the Mayor has borrowed for projects that the taxpayers will be paying after he is long gone, and the money owed to the pensions that have not been paid, this ruling from our Givernor only paves the way for the Mayor to file for bankruptcy. Rauner is prob doing exactly what the Mayor wants him to. It's possible the mayor can now say he has exhausted all avenues and bankruptcy is the only option left. Now if the Mayor wouldn't have borrowed billions more on top of the city already being in debt we maybe could have survived but he does what no sane person would do....keep borrowing. Keep digging a hole.
that lasted long...
http://www.chicagotribune.com/news/local/politics/ct-illinois-bruce-rauner-madigan-cullerton-budget-met-0531-20160530-story.html
Lawmakers deal Rauner blow, override veto of Chicago pension bill
Enjoy your evenings, officers
That is the bad news. The good news is that Chicago home values are booming and now rent prices are booming. Just look at all of the new luxury apartment building being built in the south loop and other trendy neighborhoods. Long term I am bullish on Chicago and so should you be. Because if the ship goes down, you are going down with it.
Thank you for stating the truth.
The veto was overruled. The Can has been kicked down the road. Now instead of 11 billion in debt the city just added another 7 billion to the pension debt alone in interest and payments. Add the other billions we've borrowed and we look like drunken teenagers with a credit card.
Real good, then Rahm can give some more money to his friends and financial supporters through the TIF funds. He got money for his pet projects and friends he just doesn't have any for the employees. Lil Richie's needs to be put in jail but he has got the US Attorney in his pocket cause he gave up the other elected fools in the Democratic Party . Laski, Santos, Sorich, Tomczak and a bunch of Alderman.
Ask the Central States Teamsters about what happens when their fund goes bankrupt?
The Detroit Pensioners got off lucky.
Will Chicago, and LA, and how many other cities get lucky or get bailed out when they are ALL asking for money?
Maybe if they quit giving out handouts and did away with all the bullshit programs, they would drive out a certain element. Also, the fucking dumbass judges need to go. They are way too soft on crime!!
Vote Republican because the Democrats will sell us out!
I hope all you fucking pro-democrats remember that most red states have balanced budgets, secure pensions, and run a surplus. So keep voting for those asshole Democrats, they've done a great job.
When the last BS contract was being negotiated, I couldn't understand the fight for 1 and 2 percent increases. Priority #1 should have been to fund the pension, who gives a fuck about 50 bucks a check and retro. Work a fucking sidejob. Who gives a shit about the city buying new cars, I'll walk to the fucking ghetto domestic. And I really love the 2 percent medical which will be 16 percent in 10 years. Great way to open the door. Thanks to all the fools who voted yes... big dummies.
Update
Rham overrides veto!....nice way to support your police ....time for job action....FOP???
I hate these slimy politicians who don't have a clue how to balance a budget. We as government workers have always paid our pension payments every payday. The state or municipality should be required to do the same. There would be no problem now if that happened. My solution is to make all workers with a public pension actually pay into the system (some teachers don't even contribute to their own pensions - wtf!), stop increasing benefits that weren't actually earned (like promoting someone to a new pay grade a week before they retire) and most importantly, require the state or city to pay their portion into the pension system, with an additional amount that would slowly bring down the deficit. Throw the bums who created this mess in prison where they belong. You don't fuck tens of thousands of retirees and get away with it.
Can someone print the list of law makers who sided what Rahm regarding not paying into the pension. The politicians that signed off on this after Rauner vetoed it! The politicians that want to kick the can down the road some more.
Anonymous said...
where were the traitor union wonks when richie rich started to shortchange union contributions?
5/30/2016 08:13:00 AM
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A GREAT observation - hasn't anyone else come to this conclusion? If I was in FOP, I would be organizing a torch and pitchfork march to rout out those who have FOP leadership jobs.
Why haven't FOP leaders questioned the lack of action the city has taken on shorting the pensions? That's their jobs - or at least, should be their jobs.
Too many people are more worried about their "clout status" and no one wants to question their Chinaman. Gotta stay in line for that Merit promotion. "Hey - I earned it." (YEAH, right!)
If you don't understand that last paragraph, then you don't understand Chicago politics.
If you all lose your pensions in some bankruptcy move (which could happen), blame those who sat by and did nothing except play "yes-men" while they were waiting on their "merit promotion" when they cycled out of FOP.
AND, no one is going to "come to the rescue" to bail out ANY Chicago pensions. DREAM ON. "That's the pipe talkin'"
If they do for Chicago, every municipality in EVERY state will be asking to be bailed out. No, the reality is more like you will go to Bankruptcy Court and take your chances there. Nickels on the Dollar will be the decision.
AND THOSE WHO KEEP THINKING THE CITY STILL HAS MONEY SOMEWHERE -- Hey, wake up and put down the crackpipe. The city is broke, the county is broke and the state is broke.
Some may have been working in the Ghetto too long and Ghetto Logic must have somehow seeped into your brains. Just because they have been "collectin' revenues" every year, doesn't mean they have more money to spend.
If you collect a Billion dollars a year, but you spend three Billion dollars a year, you are NEVER going to have enough revenue to cover ALL the debts you run up every year.
Remember these names when election time comes, let your friends and family know as well.
Three Republicans joined with the House Democratic majority — Reps. David Harris of Arlington Heights, David McSweeney of Barrington Hills and Michael McAuliffe of Chicago. McAuliffe's Northwest Side district is home to many police officers and firefighters.
They joined the ranks of the Democrats so Rahm doesn't have to pay in the pension on time.
Anonymous Anonymous said...
When the Lucas museum is built the billion of revenue dollars that will bring in will solve all our pension problems.
5/30/2016 07:04:00 PM
Yeah, that'll happen right after the pension-saving casino is built.
Anonymous Anonymous said...
Move
5/30/2016 06:15:00 PM
Most retirees ARE moving. Problem is, our pension fund is here and it's under attack.
The bill was long sought by Emanuel and provides short-term relief to the city by reducing in the short term how much taxpayers contribute to the retirement funds by hundreds of millions of dollars a year through the creation of a new payment schedule. But it also comes at a price, adding billions of dollars in long-term costs while the city's pension debt continues to grow.
@6:45am
Spot on commentary
"I particularly want to thank the Democrats and Republicans in the General Assembly for putting politics aside and doing the right thing for Chicago taxpayers, and for our first responders," Emanuel said in a statement. "We in the city agreed to step up and finally do our part to responsibly fund these pensions, and I want to thank Springfield for doing their part as well."
Rahm Emanuel statement after The Democrats and some Republicans overturned Rauners veto.
I believe the mayor owes all first responders an explanation of how this is good for us.!!!
Rauners response to the overturn of his veto,
Clearly, those who supported this measure haven't recognized what happens when governments fail to promptly fund pension obligations," he said. "Instead of kicking the can down the road, local and state governments should instead focus on reforms that will grow our economy, create jobs and enable us live up to the promises we've made to police and firefighters."
In vetoing the bill Friday afternoon, Rauner called the measure "irresponsible" and warned "the cost to Chicago taxpayers" in the long run is "truly staggering."
Democratic Rep. Barbara Flynn Currie of Chicago, Madigan's top deputy, called Rauner's veto "an outrage." Democrats argued that delaying the pension payment schedule wasn't ideal, but was necessary to try to prop up the city's finances.
How? Is anyone going to monitor Rahms spending? He throws money around the city but not into the pension debt. He wants to hire hundreds of investigators to investigate the police, how is he watching the spending? Not to mention the millions or billions he has already spent.
http://www.chicagotribune.com/news/local/politics/ct-illinois-bruce-rauner-madigan-cullerton-budget-met-0531-20160530-story.html
Say what you will, all fingers point to Madigan!
>>>Anonymous said...
That is the bad news. The good news is that Chicago home values are booming and now rent prices are booming. Just look at all of the new luxury apartment building being built in the south loop and other trendy neighborhoods. Long term I am bullish on Chicago and so should you be. Because if the ship goes down, you are going down with it.
Thank you for stating the truth.
5/30/2016 08:12:00 PM<<<
The Ghetto is coming to those South Loop and trendy neighborhoods.
This is great for Section 8 Housing and what will be coming is more of those SUPER VOUCHERS. That is taxpayer funded reimbursements for high class expensive apartment rents that the average working guy will never afford. Like the theme song said years ago, "Moving on up to a de-luxe apartment in the sky."
Thanks to the Democommunist's plans and your taxpayer dollars.
Anonymous said...
Anonymous Anonymous said...
FOP pushed for this bill. Dean was pissed that bit didn't pass.
-------------
Dean should be in jail for wanting body cameras.
Dean should be in jail for not going on record against the state ISR's.
Dean should go to jail for being on disability and yet be agile.
Dean should go to jail for not paying a delinquent water bill.
Dean should go to jail for truncating the FOP video.
Dean should go to jail for handing out pencils at promotion exams.
Dean should go to jail for not endorsing pro-police police officers for political office.
Dean should go to jail for allowing the tuition reimbursement to be reduced after he gets a PhD with it.
Which one is accurate?
5/30/2016 05:23:00 PM
Labor Racketeering
Was Dean (and other FOP brass) paid off by Rahm and Daley with promises of six-figure retirement jobs with added pensions to keep our union ineffective? To not make wave about our pensions? To not rally the membership to register and vote?
Jesse Jackson Jr is getting 8k a month in disability and 45k a year in pension. Another congressman has in just three years already has recieved more than she contributed. Yet lets blame teachers and people on welfare for this disaster. What exactly are politicians doing to deserve a pension like this?
This municipal bankruptcy will never happen. The procedure is similar to a regular individual bankruptcy. In order to claim bankruptcy, the city MUST open their books. Federal auditors will then have to sort assets and liabilities. And guess what?? Questions may arise on the skimming. On why city contracts are given to big donors of city politicians especially the mayor. And.... Wait for it.... The Olympic disaster!! All that land bought by political insiders with names like the obamas, Winfrey, clintons and affiliates, whom lost big in Washington park, the old Michael Reese hospital and several other plots of land in ghetto areas. If the city ever should go that route, the result would be very prominent people going to jail. Including the current and previous mayor, along with many high profile politicians. Just like DETROIT.. Remember that scandal with a very many political figures going to jail for embezzlement. Hell I hope the Rahm pushes for it. Just to see this town get an enema.
Thank you Democratic Senate and House---Cullerton and Madigan--. My property taxes now won't go up 40%. Please continue sticking it to Union Busting Governor Rauner and every other Republican that supports his anti-middle class union busting so called Turnaround Agenda. Many in the FOP still support other Unions other than our own.
Anonymous said...
Anonymous said...
Anonymous Anonymous said...
FOP pushed for this bill. Dean was pissed that bit didn't pass.
-------------
Dean should be in jail for wanting body cameras.
Dean should be in jail for not going on record against the state ISR's.
Dean should go to jail for being on disability and yet be agile.
Dean should go to jail for not paying a delinquent water bill.
Dean should go to jail for truncating the FOP video.
Dean should go to jail for handing out pencils at promotion exams.
Dean should go to jail for not endorsing pro-police police officers for political office.
Dean should go to jail for allowing the tuition reimbursement to be reduced after he gets a PhD with it.
Which one is accurate?
5/30/2016 05:23:00 PM
Labor Racketeering
Was Dean (and other FOP brass) paid off by Rahm and Daley with promises of six-figure retirement jobs with added pensions to keep our union ineffective? To not make wave about our pensions? To not rally the membership to register and vote?
5/30/2016 10:47:00 PM
HEY shitty-wide guy the Shields lawsuit starts today. Let's see how much stammering Bill Dougherty cost us? When this suit is over if Dean does not sue Dougherty, Davis, Ag-u-liar et. al. then I'll be on Angelo's ass.
But you post is again all bullshit.
I've have been saying for years...that Daley & Rahm NEVER HAD ANY INTENTION of EVER fully funding the pensions.
Anonymous said...
Anonymous said...
Anonymous said...
FOP pushed for this bill. Dean was pissed that bit didn't pass.
-------------
Dean should be in jail for wanting body cameras.
No he did not but if they were coming why not get some safeguards like being able to review your video before writing your report.
Dean should be in jail for not going on record against the state ISR's.
He was able to pair down what was in the bill. Most Police departments only added a couple of lines to their contact cards. The CITY chose to enter into an agreement with the ACLU. This was Rahm’s and McCarthy’s gift yo us.
Dean should go to jail for being on disability and yet be agile.
This has already been vetted. He had over 365 days on the medical over 15 years for the same injury. He did not go on disability he was put on disability. If he’s agile then Momma Cass ran the high hurtles.
Dean should go to jail for not paying a delinquent water bill.
R/o has no knowledge, but if you sent every copper with a water bill, parking ticket, speeding camera, red light camera to jail I’d be the only one at roll call.
Dean should go to jail for truncating the FOP video.
Do you think some copper might given has log on info to the press for money. You a too stupid to be a real police officer.
Dean should go to jail for handing out pencils at promotion exams.
I found out the officers who handed out the pencils paid for the pencils themselves, did on their own time, and you have a problem with that? Get a life!
Dean should go to jail for not endorsing pro-police police officers for political office.
Endorse a police officer just because they are a police officer? You are to stupid for words. How about coppers running for officer that would not change residency? How about a copper who has zero chance of winning? How to you then ask the elected official for anything.
Dean should go to jail for allowing the tuition reimbursement to be reduced after he gets a PhD with it.
Your lucky to have it at all. And it should be limited to only two or three majors not cooking classes
This municipal bankruptcy will never happen. The procedure is similar to a regular individual bankruptcy. In order to claim bankruptcy, the city MUST open their books. Federal auditors will then have to sort assets and liabilities. And guess what?? Questions may arise on the skimming. On why city contracts are given to big donors of city politicians especially the mayor. And.... Wait for it.... The Olympic disaster!! All that land bought by political insiders with names like the obamas, Winfrey, clintons and affiliates, whom lost big in Washington park, the old Michael Reese hospital and several other plots of land in ghetto areas. If the city ever should go that route, the result would be very prominent people going to jail. Including the current and previous mayor, along with many high profile politicians. Just like DETROIT.. Remember that scandal with a very many political figures going to jail for embezzlement. Hell I hope the Rahm pushes for it. Just to see this town get an enema.
Maybe they're waiting for Daley to die before claiming bankruptcy. This is probably the only thing that would land Daley in jail.
Wait for him to die as a last favor for taking care of the dems and their donors, then claim bankruptcy.
HEY!
I've been talking about going to Bankruptcy Court for over 2 years already. It is a REAL solution.
If bankruptcy happens, they can rewrite the rules. No more protection. No more collective bargaining agreement.
And absolutely no more pensions.
Thank you Democratic Senate and House---Cullerton and Madigan--. My property taxes now won't go up 40%. Please continue sticking it to Union Busting Governor Rauner and every other Republican that supports his anti-middle class union busting so called Turnaround Agenda. Many in the FOP still support other Unions other than our own.
5/30/2016 11:21:00 PM
Are you kidding or stupid?
All fingers point to Madigan?
Nah . . . just the middle ones.
Remember...we are in a Union. Support your Union brothers and sisters in the trades........carpenters, laborers, electricians, engineers, etc...Rauner is a Union Buster and the FOP will be in his sights too. Don't be a fool.
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