Good, Good, Very Bad
Why now Rahm? Parts of this could have been done almost eight years ago:
- Mayor Rahm Emanuel on Wednesday will call for state lawmakers to legalize marijuana, allow a Chicago casino and approve a state constitutional amendment to help the city address a looming pension crisis that will require nearly $1 billion in new annual retirement payments by 2023, according to sources familiar with the mayor’s plans.
Emanuel is scheduled to give a speech to the City Council outlining the challenges that remain to properly fund the city’s pensions and offering recommendations on how to tackle the problem, even though he won’t be in office beyond next May to do so.
The mayor will propose that any tax money the city receives from the legalization of recreational marijuana be dedicated entirely to pensions and he’ll do the same for any taxes generated by a long-sought Chicago casino, according to sources familiar with Emanuel’s speech who were not authorized to discuss his plans publicly. The mayor also will move forward with requesting that aldermen consider setting up the structure to issue pension obligation bonds to help reduce the amount of money the city owes the retirement funds in the near term, the sources said.
[...] Emanuel also will call on lawmakers to amend the state’s constitution to eliminate what’s known as the pension protection clause that says public employee pension benefits are an enforceable contract that “shall not be diminished or impaired.” The Illinois Supreme Court cited that clause when striking down agreements Emanuel made with some labor unions early in his tenure to better fund their pensions in exchange for reduced benefits.
A couple observations:
- Someone's kid is going to have to smoke a lot more weed to make a dent in those pension obligations;
- What changed with the casino? It's been promised as a windfall for so long, yet delayed for every manner of reason. If you believe the rumors, McCormick Place has been wired for the electricity to run a casino for almost a decade. Another rumor says Trump built his hotel in Chicago, complete with a secure floor set aside just for high stakes poker tournaments and slot machines.
- That last paragraph is the worst idea. Unless you grandfather in everyone who has operated under the current law, we would expect strenuous....objections....to any changes.
So what's changed for Rahm to suddenly look like the Pension Fund's best buddy? Do the recent raids of certain aldercreatures' offices have anything to do with the change of heart?
Labels: general
posted by SCC at 12:05 AM
95 Comments:
His Legacy is probably what's on his mind. He most certainly wants to go out as the Rahmfather. Not as Mini Me. I wonder what EB's legacy is gonna be?
Evil bastards. Getting an innocent kid to foot the
tax bill for crooked politicians at the expense of
his pure, un-drugged brain.
You deserve the finest Kingsford Charcoal to roast
your ass in Hell.
Its time for his final FU. All those proud union homes will sit and watch the constitution get changed to the detriment of their faithful members. Keep filling that political fund at the hall.
Rahm talks about the “compounding” COLA(Cost of living allowance) of 3% that is crippling the pension fund. First of all, it is not “compounding”. Secondly, the 3% COLA only applies to retirees born before 1966. Currently those retirees born in 1967 or after are only entitled to 1.5% COLA. Again, the COLA is not compounding! If you were born in 1966 or earlier, you get a 3% COLA in the first January after your first full year of retirement. So for example, a maxed out patrolman born in 1966 or earlier, who gets a $75,000 pension gets a 3% COLA raise of $2250 when he becomes eligible. That $2250, which is 3% of $75,000, gets applied to his pension every year from then on. That’s it forever. A raise of $2250 a year for the rest of his life. That’s a raise of $187.50 a month. You don’t think the cost of living for that retiree will increase by more then $187 a month in two, three, five, ten, fifteen, twenty years into retirement? A “compounding” COLA would be 3% of $77,250($75,000 + $2250), then 3% of $79,567($77,250 + $2317), and so on and so on every year. That’s not what you get though. You get that one time 3% total applied every year, but it’s not compounding. Rahm lies, again.
It appears that a vacuum has been filled, "El Chapo" (Shorty) has been replaced by "Pequena Bailarina" (Tiny Dancer).
Same methods in collecting money too it seems. One will bust your head if you don't pay, the other will bust your retirement savings.
"The mayor also will move forward with requesting alderman consider setting up the structure to issue pension obligation bonds......" Good idea as he will be gone when the shit hits the fan. Good article in Forbes 24 Aug 18, "Why Chicago's pension obligation plan is even worse than it seems." There needs to be a forensic audit of what monies are coming in and where is it going. All projects need to be put on hold unless the projects are saving lives or protecting lives. There is waste, graft and corruption everywhere. Did you yearn for new street lights? Well it is costing over 160 million to replace the present ones. The cta is going to spend 4.4 billion to extend the Red line, northside station improvements and the Belmont flyover so Purple and Red line trains don't have to wait the 30 seconds for the northbound Brown line trains to cross in front of them at the Clark st junction. Other programs/projects that need checking into are the prequalification bid program where there is no competitive bids involved. What is needed is stopping the bleeding (spending) first with a tourniquet. The outlandish spending is everywhere. Did you ever go to the Hall or any City building for that matter and see the large photos of the mayor, the Clerk, dept. heads, police brass and others. Well it may sound petty but taxpayers are paying a photographer, paying for the oak picture frame to be made and paying for a union worker to hang the picture. These "servants of the people" act and believe the are royality. Put everything on hold until the pension crisis is solved.
Does anyone know what pension fund the Mayor, Department Heads and the Alderpersons are in? How is their fund fairing? What kind of health care do they have. Are they subsidized after retirement? I have heard they get 80% after putting in 20 years and can buy pension years if they want to retire earlier.
Rahm’s legacy will be ‘’I will put 1,000 new Officers on the street.’
Maybe he's vying for a spot on the pension board.
the essayist solution is to strip this little fuckers tif money for pensions.
It is in the best interest of EVERY politician not to mess around with the pension protection clause that says, “public employee pension benefits are an enforceable contract that “shall not be diminished or impaired.” That would not only be a career killer but it would be overturned by the Illinois Supreme Court. Once again, TINY DANCER is trying to screw us even as he leaves the city vulnerable
Legalize weed? Man, those corner dope boyz ain’t gonna like that...
The devil is in the details and removing pension protection is the detail he is trying to remove the rest is just a smoke screen. The reason why the casino hasn't been built is who gets a share of the skim not where to build it. The pension will go up in smoke faster than a fatty if protection is removed.
Did I not read,just this last week, that the Rahm administration wants to give a single developer 1.5 BILLION dollar In TIF money?
Yes, I do believe there will be an attempt to change the Illinois Constitution regarding pensions. But, if they do, how will they change pensions, and what pensions will they alter? I am sure the judges in Illinois do not want their pensions changed, and I am sure that goes also for the elected officials and former elected officials. So what will be changed? The cops, the fireman, the truck drivers? The teachers have plenty of clout in Springfield as they bring buckets of cash down there weekly. The fact that the police and fire in this town are the only pension funds that do not give their annuitants the 3% compounded annual cost of living raise is a fact that is not well known That should be eliminated as well as the Gold Braid Bill which is nothing but a patronage payback so the connected can retire with fat pensions and the dumb who could not pass a promotion exam to save their life can retire well off. It will be an interesting debate if this happens as well as the debate on taxing pensions if the politicians change the state income tax clause. Lots of ideas on more taxes and less pensions but as always, no conversations about government reform.
I am confident that many of our elected officials have smoked Weed, and for that reason feel it is harmless. Yet two issues are being ignored in this headlong rush to cash in on legalized drugs: 1. We have NO standard or means of determining THC Impairment. (THC is the chemical in Weed that causes euphoria.) THC can be detected in the body for up to 10 weeks after consumption. Applying this to Police service; let's say an officer smoked Weed two weeks ago, and now he is in a shooting or crash; how will liability be determined? Alcohol and even cocaine, leave the body quickly; but THC stays in your body. 2. The myth that legalizing it will hurt the Cartels is absurd. Legalized Weed will not be sold to minors, but the use by Mom and Dad will make it appear acceptable, so Junior will buy his from the Cartel. In addition, note that most people do not drink to get drunk, while many if not most people smoke to get high. Legal Weed is heavily regulated and clearly states its strength. Illegal Weed does not have to conform to those standards, so the Cartel may use additives to make their Weed stronger. Legalization, will only create an Acceptance of a Vice, and it will strengthen the Cartels. Stay Strong. Baby "G"
The Trump tower electric was piped for a casino. I know an electrician that did it. As far ass shoring up the pension your missing the TIF story from a couple days ago where they tried to approve over 1 billion in spending for 4 mega projects. Burke’s called a quorum and because they some aldermen like Rick Munoz finally got sober and opposed it. Pat Daley ran out no vote could be had because not enough alderman.
The street drug dealers will undercut the price of taxes marijuana.
A casino will have to compete with other venues. easier said than done.
No one remembers what you did first. Everyone remembers what you did last.
Anonymous Anonymous said...
It is in the best interest of EVERY politician not to mess around with the pension protection clause that says, “public employee pension benefits are an enforceable contract that “shall not be diminished or impaired.” That would not only be a career killer but it would be overturned by the Illinois Supreme Court. Once again, TINY DANCER is trying to screw us even as he leaves the city vulnerable
12/12/2018 05:41:00 AM
That's why he wants to change the State Constitution.
What's the big deal most of Rahms constituents are drug addled morons. ♠️
Reefer and a casino, huh? How about whorehouses with glory holes manned by aldercreeps? (and local state reps too) and don't forget juice loans.
Is he going to try to link ALL of these ideas into one bill? So if you want the Casino and legalize weed you automatically vote for the amendment.
Tricky little bastard.
It’s like Groundhog Day with these politicians. Rahm’s had eight years to fix pension funding issues and has done very little. Now he’s going to try to force some quick fixes on his way out the door. Raise taxes, legalize everything (casino and weed) then pass constitutional amendment to cut pension COLA’s. So basically Rahm gave away Billions of dollars over his 8 years in office to connected businesses through tax incentives and TIF money and now wants to make a last minute push to “fix” things.
Well Rahm I’d have to say your a complete failure. You e done very little to better Chicago. You may have brought a few new businesses to Chicago but it seems the price to do this far exceeds the benefits received. You’ve meddled far too much with the CPD leaving the department way worse then when you started. JVD shooting could have been 100 times better. The ACLU agreement has emboldened criminals to commit crime which has spread to all parts of the city, especially where there was little to no crime at all. This pending “consent decree” is sure to be a disastor. Don’t think youv’ve ever made good on your original promise of adding 1,000 NEW officers. But you changed that to mean promoted and hired which turns out to be political smoke and mirrors. You took away retired health care with a stroke of a pen and bragged about leaving retires with no insurance for a minimal savings.
You always said “it’s all about the children,” yet CPS is a disastor. I have to give you final grade of an F, hang that on the fridge. Don’t
So now Rahm wants to legalize MJ, the very substance that has put so many people of color in Jail? Lots of big checks about to be written for wrongful incarnation. All it will take is one liberal judge to open the floodgates. There goes all the extra pension dollars from casino and dope sales. Maybe the Southside switches to Republican since the Democrats just voted away their drug corner dispenser livelihoods. Will be fun to watch who gets the growing rights and dispensing rights. Lot of money about to change hands for those rights. Big time dollars not petty pocket change.
"Mayor Rahm Emanuel on Wednesday will call for state lawmakers to legalize marijuana, allow a Chicago casino and approve a state constitutional amendment to help the city address a looming pension crisis that will require nearly $1 billion in new annual retirement payments by 2023, according to sources familiar with the mayor’s plans"
Let's see. We already have alcohol. Now we will get legal drugs and legal gambling. Only one vice left to legalize. Prostitution. Yes letz make prostitution legal because that will surely save the pension system.
We are rapidly running out of vices to help us solve our financial problems.
The last idea is the best idea, gaming the pension rules to get obscenE pension payoutS has become an art form in thus State. We need some caps even if it is an high cap like 200k in retirement.
Cannabis is already legal in the city, Rahm. Don't you remember? You did that a few years ago.
And Rahm, don't you remember how all that money flowed in from the civil fines you collected from dopers who were not arrested, but fined instead? And don't you remember how that clever strategy solved the city's financial problems overnight?
No? Neither do I.
Giving these POS Politicians more $$$$$ is worse than giving an addict crack!!!
40+ years ago the lottery money was going to solve all the school's economic troubles! The school's are more broke than before the lottery! We have tollways all over illannoy, by the 1980's the toll's were supposed to be abolished. It's 2019 next month and the toll's are still there and the prices have doubled and tripled and the roads are worse than ever! Every, I SAID EVERY "TAX" has been doubled, tripled, and sometimes quadrupled and the city, county & state are how much in the hole? Adding gambling boats, then casino's, they took over Giancana's gaming empire and every municipality has it!!! KEEP ON STEALING!
ALL STILL BROKE! PROBLEM'S NOT PENSIONS IT'S THIEVING DISHONEST GREEDY POLITICIANS!
NO NEED FOR A FORENSIC AUDIT?
The eleventh Ward Bridgeport plan is this 10 years at Marina cartage too get you 40 social security quarters then it's 20-30 years at Streets and San and get 85% pension. Now your ready to hang out at the Old Italian American Club wearing your Sans a Belt slacks, Italian knit shirts/ sweaters, Gucci loafers, diamond pinky ring and Paco Rabanne cologne. I think that was the description John Kass gave and it still stand today except you might be smoking a nice Macanudo Cigar.
The good life!
The scarmooch has been in office for almost 8 years and suddenly he gets an inspiration to get into the marijuana business and build a casino. Man, you're blowing my fucking mind, we never heard this one before. JB the plumber, our new governor elect, was just chirping about this same thing last week. Come on down to the windy city and get some premium skunk bud before you head on over to the uber casino for some gaming action.
Anonymous Anonymous said...
Did I not read,just this last week, that the Rahm administration wants to give a single developer 1.5 BILLION dollar In TIF money?
12/12/2018 05:57:00 AM
You read that correctly rahm has amassed billions and billions in taxpayers money by not paying the bills like fully funding police pensions as promised, that money is being used to give his and other political thieves cash to freely give to developers,as they get the cash back in manila envelopes! Even liberal magazines say Chicago,cook county,and this state is the most corrupt in the entire country and the feds are doing what again?
Emanuel also will call on lawmakers to amend the state’s constitution to eliminate what’s known as the pension protection clause
Section 1: Short Title
This Act may be referred to as The "You're All Just Basically Buggered" Act of 2018.
SCC: Never, ever trust or believe Rahm.
He’s not the pension funds friend nor buddy. From the moment he started running for mayor he’s made it abundantly clear that he doesn’t like our pension benefits and feels we don’t deserve them.
This coming from the snake who got the $14 Million banking deal gift wrapped for him by his buddy Rauner years ago.
Abolish TIF Districts to fund pensions time for an audit there is plenty of money!
Anonymous said...
Rahm talks about the “compounding” COLA(Cost of living allowance) of 3% that is crippling the pension fund. First of all, it is not “compounding”. Secondly, the 3% COLA only applies to retirees born before 1966. Currently those retirees born in 1967 or after are only entitled to 1.5% COLA. Again, the COLA is not compounding! If you were born in 1966 or earlier, you get a 3% COLA in the first January after your first full year of retirement. So for example, a maxed out patrolman born in 1966 or earlier, who gets a $75,000 pension gets a 3% COLA raise of $2250 when he becomes eligible. That $2250, which is 3% of $75,000, gets applied to his pension every year from then on. That’s it forever. A raise of $2250 a year for the rest of his life. That’s a raise of $187.50 a month. You don’t think the cost of living for that retiree will increase by more then $187 a month in two, three, five, ten, fifteen, twenty years into retirement? A “compounding” COLA would be 3% of $77,250($75,000 + $2250), then 3% of $79,567($77,250 + $2317), and so on and so on every year. That’s not what you get though. You get that one time 3% total applied every year, but it’s not compounding. Rahm lies, again.
12/12/2018 01:14:00 AM
And the people in the private sector with 401scams get to live in squatter camps or work until they die while funding your pensions!
And the state lottery was to be used for education only! Tiff money was to be used to improve the areas around the tiff only.
I’m sure there are a lot more money grabs, this is another one. Use pension money to build the casino by his favorite construction co.!
Use pension money to guarantee the pension bonds, that will be a non winner! Do these fuckers ever stop?
What about the mayoral candidates, they will be stuck with whatever bullshit he leaves. What bright ideas do they have? Any of them going to court to stop his greed?
What’s next? Legalize heroin and cocain to safe money? It’s fucking crazy. I can’t wait to retire and move out of states.
This guy is "woke," now he wants all the money, he is on fire to get as much from the few honest taxpaying citizens that he can squeeze out of us! The feds grabbed Burke the wrong guy did they get confused at city hall and miss the 5th floor on both sides the county for Toni,and the mayor rahm? Hoping the young feds at FBI and U.S.attorney are looking to be major players here and take down the real criminals, it is not the dope dealers that cause the most mayhem it is the city hall-county building inhabitants that sanction it!
Sessions,the DOJ, under Trump sent more agents and attorneys here lets hope they drain the dirtiest swamp in the country!
Prelude of what is to come guess whose coming looking for you elected surprise hope the video is more clear but you get the gist:
https://www.washingtonpost.com/video/local/fbi-video-of-undercover-sting-on-marion-barry/2014/11/23/e1e35f00-7336-11e4-95a8-fe0b46e8751a_video.html?noredirect=on&utm_term=.c70ede7a2830
Watch for Rhambula to land at Sterling Bay.
And just think there's a criminal/X-DEA now sitting in the MCC for running guns, dope, and much more. Watch out for those who knew what this clown was doing all along, Fading loads of both ......have a Merry.
South side box car weapons thefts ??
is Rahm still the mayor? Haven't seen him in awhile.
"It is in the best interest of EVERY politician not to mess around with the pension protection clause that says, “public employee pension benefits are an enforceable contract that “shall not be diminished or impaired.” That would not only be a career killer but it would be overturned by the Illinois Supreme Court..."
Not true.
The average citizen does NOT care about government pensions...
In fact , if they knew how much we we get they would gladly cut our pensions in half,
rather than get another tax increase themselves.
Police & Fire each quibble amongst themselves and have never become the political powerhouse they could be,
unlike the teachers. Politicians have no reason to fear us, we have never been a "Career Killer."
If the constitution is changed then the ILL Supremes would have to rule on the new constitution.
We will have to fight, together, against any Con Con.
Yea, I hate to say it but the 3% COLA is financially feasible. I know everyone is gonna shit on it. But it just doesn't make sense.
Legalizing weed PROs
-tax revenue
-no longer use tax money to enforce the law vis a vis police and the courts
-increase the focus on cocaine and heroin law enforcement
-instantly cut the revenue stream of mexican and south american drug cartels by 30-50%
-make it harder for kids to get a hold of like alcohol is(easier for our kids to buy weed than beer)
-fuck with the corner dope boys
-legalization will lead to increased medical and industrial hemp use (clothing,lumber products, food products etc.)
-DUI's and their associated dangers to all of us and our families will reduce as has been the case in every state that has legalized it thus far
-decrease the danger albeit small of laced weed and eliminate the synthetic weed industry over night.
-eventually we'll be able to get lifted after a long day at work
Now i know i sound like a stoner but ive been on this job for over 2 decades and voted republican since i was 18. Weed is bad for young kids whose brains are developing and who are getting ready for college and the workforce. Its no worse for us adults than alcohol or cigarettes. It just has a loser subculture surrounding it because its been illegal for so long.
Furthermore if weed is eventually legalized at the federal level producers can start depositing 100% of their money into banks and avoid some of the dangers/crime associated with running a cash business.
Is it a gateway drug? Probably. So are alcohol, cigarettes and other teenagers.
Regulate weed related behavior like we regulate alcohol related behavior: not on the public way and not while you're driving. Tickets and tows just like we do with drunk drivers and Anov/arrest for shitheads smoking a blunt walking down the street.
It would be a win for the economy and for our pension.
Final point, anyone who wants to smoke weed is already smoking it. Let's make it safer/more profitable already.
Rahm is looking to screw us as he walks out the door, just watch.
75 mil for the Uptown theatre, a private venture
Who ever would have thought that they would use the tax profits from a street drug and gambling to fund our pension. Two of the many things we have been locking people up for over the years.
Smoking shit and gambling does it get any better then that !!!!!
Emanuel will attempt to eliminate the pension clause in the IL Constitution regarding pensions will not be diminished etc. This is of vital importance. If the prick succeeds we can lose part of our pensions or elements such as COLA.
Daley is also for this. Beware!
The newspapers are reporting Emanuel is announcing to the public that we have 3% COMPOUND COLA and the City cannot afford it.
Police do NOT have compound COLA raises!
Rotten prick Emanuel is trying to get residents scared so they will vote for this amendment. I don't know if any City pension funds pay compound COLA's. Surely not the Police.
We must be vigilant not to get screwed here.
Why don't the amend TIF funds to be used in the pension. It's basically TAX money..... they are just doing a money grab with the other taxes and fees.
As far as marijuana goes, we don’t enforce it anymore and either do the courts. We may as well make money on it. My concern is Illinois politicians will use the revenue on new BS pet projects.
Rahm has no shame. It’s his world and we’re just lucky to be here. There will be a special place in hell for that weasel.
This should be of paramount importance to all. Warning bells should be going off. He said he would take away retirees health care ,he did. Rahm is nothing but a shill for Daley who has already advocated for a con con to change our pension. I am old enough to remember when Richard Daley said we would pay only two bucks per pay period. When I retired I was paying over 500. They talk about the compounding of the cola, which we don’t have. This is merely to get the foot in the door. Their ultimate goal is to reduce our pension to nothing. Those that think it can’t b done, just look at health insurance
Anonymous said...
Evil bastards. Getting an innocent kid to foot the
tax bill for crooked politicians at the expense of
his pure, un-drugged brain.
You deserve the finest Kingsford Charcoal to roast
your ass in Hell.
Honestly! Rahm has neither morals, nor ethics. He is scum.
Legalize weed? Man, those corner dope boyz ain’t gonna like that...
Actually they would love it. Pay $25.00 dollars for a taxed nickel bag? No way! Let’s just go to the corner and buy the better, more porent stuff for $5.00. Illegal sales will never be better. Now that’s a stock to invest in if one existed For the underground economy.
But yet they waste money police resources lights and sirens tearing down expressways not blaming coppers but what politicians are getting pockets stuffed with cash and free family and friends seats?
The article says the buses are identifiable no they are private busses, can a real emergency say a doctor call state police and get the escort to save a life? Nope just overpaid thugs who take a knee against police and military this must stop:
The Bears used a police escort to get their kicker to Soldier Field for practice. Is that normal?
https://www.google.com/amp/s/www.chicagotribune.com/news/local/breaking/ct-met-bears-cody-parkey-police-escort-20181211-story,amp.html
Sell Midway
Rahm has no heart to change.
True about that electrical grid running down to the lakefront. ComEd had been shoring up the underground tunnels (the one flooded years ago) and supplying some heavy duty lines from West Loop to Meigs and likely south thereafter, as I was told in 2008 or so. That was way after the $5 mil Northerly Island (the invaded Meigs Field) music pavilion and the $500 mil Corrupt Millionaires Park (Pritzker pavilion) home of the $23 mil polished bean.
I don’t think Rahm will vacate politics and probably looking to fit back in with any 2020 DNC candidate.
The real trouble is Rahm making these “out of thin air” suggestions and JB (not too sharp) Toilets to enact next year.
Is he speaking on behalf of chickenshit JB?
Notice these are State issues that have to be changed to benefit future Sanctuary City handout programs.
Yes, 8 years of nothing - just like obama and all of a sudden he’s gots’ d’solution.
Both non-MBA’s Rahm and obama were part of the state legislative and neither had accomplished anything to bolster State financial gains.
It’s not revenue that’s needed, it’s how the revenue is being spend and diverted to the brokers.
But looking at the dismal Dem control of past is a solid indicator to future results.
Lock him up.
Reduce COLA from 3% to 2% and 1% to the pension fund ??? That's a new one for sure...robbing Peter to pay.....duhhhhhhh...Peter ? Well, maybe younger Peters ?
Seems it's the reverse of how pension plans were designed...instead of young workers helping older retirees/widows...it's retirees chipping in to make sure there's something left for those currently working. $5500. a month guys making sure the rolls and rolls of exempts get their 10 grand a month down the road ?
"Evil bastards. Getting an innocent kid to foot the
tax bill for crooked politicians at the expense of
his pure, un-drugged brain.
You deserve the finest Kingsford Charcoal to roast
your ass in Hell."
- - - - -
So if 9.5 has his way, we'll be moving towards a drug- and gambling-based economy instead of one that actually invents and builds stuff people want to buy. Great. Instead of actually creating new wealth this is just another scheme to redistribute the same money from one pocket to another. Some slices of the pie get bigger while others get smaller, but the size of the pie never gets larger.
Classic dumb-ass Democrat way of thinking.
Go get some ISRs and blue cards, chumps.
Trump should send in the Feds like Nixon did
this time go after all sweetheart contracts , TIF kickbacks and aldercreatures
not CPD
Wtf, eight years and he did nothing to help fund the pensions. The lottery sales are pegged for schools, nothing for first responders. Now all of a sudden it’s good to have a casino and legal pot. This guy is just grandstanding and will then say “I tried” , blah, blah....
I’m sure he already has some connected cronie penned to run the casino and another for the pot. He offered absolutely no solotions during his failed tenure other than a wedding dress in a crawl space. Years back we could have had a casino, but Daley couldn’t swing getting his greasy hand$ on the project via crooked 2nd and 3rd parties, so it went to Des Plaines, who are now reaping the benefits of the OHare crowd and northsiders.
All I’ve seen my sewer, garbage collections and water bills raised 500%. Pot holes galore on my street and no street lights for the past 2 weeks despite calling 311 and my alder person office. They can’t even hold promotional tests without corruption. He puts in a Superintendent who didn’t even want the job and he came with baggage of a fiancé suspected of test cheating and he promotes the evil twins who can’t keep their grea$y hands from the trough of illegal gain$. Don’t even get me started on the emasculating of this once great police department under this “leadership”.
Will it ever end ?
Pensions best buddies? Shame on you for buying the smoke and mirror misdirection. The state constitution will be changed and benefits diminished either right away or in the near future. That will only be the beginning.
Secondly all the profits for weed will never be ok'd for pensions. Every Tom, dick and harry will have their hands out. There will be a percentage diverted for social programs and addiction centers to name a few. The snake gives a speech on his way out the door because there is no consequences to the madness for him.
THIS is why there needs to be REAL change in lodge 7 and a consistent effort between all unions citywide to run candidates for office!
John Catanzara 008
Anonymous Anonymous said...
And just think there's a criminal/X-DEA now sitting in the MCC for running guns, dope, and much more. Watch out for those who knew what this clown was doing all along, Fading loads of both ......have a Merry.
South side box car weapons thefts ??
12/12/2018 09:54:00 AM
What was his credit rating like?
Go get some ISRs and blue cards, chumps...
Agreed, we can be chumps! FOP any REAL updates when we might get a raise and/or a contract?
So now Rahm wants to legalize MJ, the very substance that has put so many people of color in Jail? Lots of big checks about to be written for wrongful incarnation. All it will take is one liberal judge to open the floodgates. There goes all the extra pension dollars from casino and dope sales. Maybe the Southside switches to Republican since the Democrats just voted away their drug corner dispenser livelihoods. Will be fun to watch who gets the growing rights and dispensing rights. Lot of money about to change hands for those rights. Big time dollars not petty pocket change.
So what's changed for Rahm to suddenly look like the Pension Fund's best buddy? Do the recent raids of certain aldercreatures' offices have anything to do with the change of heart?
Labels: general
Hey rahm can I have the name and number of your son's weed dealer sans the beat down?
Smoke and mirrors, folks ...
Smoke to make em dopey enough to ignore the grim reflection of debt being used to finance debt.
Detroit didn't fare to well with the latter. Bankrupt in 2013
In sum -- not a lick of change
Anonymous Anonymous said...
Yea, I hate to say it but the 3% COLA is financially feasible. I know everyone is gonna shit on it. But it just doesn't make sense.
12/12/2018 10:13:00 AM
Two points
One we and fire are the only ones getting 3%, not 3% compounded annually. A first step would be to stop the compounding
Second
The only way anyone would be able to retire is to have the COLA. Been retired 12 years and without COLA would not be enjoying retirement. Medicare for wife and I. $300 a month each for supplemental healthcare, property taxes 10% a year minimum, and everything else going up 5 to 10 % cable, gas , electric. Tell me one thing that only go up 3%.
Rahm s taking the heat to make all these changes so when Daley gets elected he won’t have the pension problems his father and brother helped create
They're gonna legalize weed??? I want the Doritos concession.... Who do I pay off?
Anonymous said...
Why don't the amend TIF funds to be used in the pension. It's basically TAX money..... they are just doing a money grab with the other taxes and fees.
12/12/2018 01:11:00 PM
It don’t remember the amending of the original TIF law. They had to define an area that needed TIF funds, (TIFF Districts), to upgrade the area by setting aside a portion of their property taxes to support the upgrades to the defined Tiff Districts only. Now they can use Any TIFF funds anywhere? That’s amazing, but not surprising, considering the same people ignore federal laws and spend taxpayers dollars to support illegal criminals. And no one no’s nuttin!
A Chicago casino would not be as successful as some people think. The North side has Rivers Casino and the South side has any number of the IN casinos. With the free buses in Chinatown. The legalization of the slot machines in the West suburbs and elsewhere are also taking money from the traditional casinos. Berwyn must have 4 or 5 of them next to each other along Roosevelt off of Oak Park alone.
Time to get those yellow vests here.....
These "servants of the people" act and believe the are royality. Put everything on hold until the pension crisis is solved.
Amen. Well written post and so true.
“In addition, note that most people do not drink to get drunk, while many if not most people smoke to get high.”
Huh!? You’re welcome to your opinion, but it’s so off base. Actually, when I drink, I typically drink to get a buzz or drunk. When I smoke, I do so to fall asleep or wind down after a shit day. I’m not high, but the pressure in my chest and my stress level is relieved. A ton of people I know use it basically for the same reason. I, like them, don’t like to get high.
Weed is not the enemy; anyone who thinks that has not been paying attention to real world events for at least 25 years. Paying the tax revenue into the pension sounds great, but I give that about a zero chance of actually happening compared to being diverted to some stupid bullshit like all the other money. I also assign a zero percent chance to the city and/or state being able to actually pay those pension obligations and am thus neutral on point three: that money isn't coming back, it's just a matter of whether the screwing happens slowly over time or in one big lump sum when Illinois goes bankrupt. Not saying it's right, only that it's what will happen.
“Is it a gateway drug? Probably. So are alcohol, cigarettes and other teenagers.”
Gotta disagree. There have been unbiased studies that have concluded that weed is not a gateway drug. On a personal note, if it was, I and just about everyone I went to school with 30 years ago would have needles in our arms or eating OxyContin for fun. That ain’t the case.
When weed becomes legal, I do doubt that the tax dollars will be used appropriately. They rarely are. As for worries about legal weed enhancing the black market, on a local level, I don’t think so. Possibly in a state where it remains illegal though. Look at Washington state, you can buy cheap weed there all day long. There’s no thriving black market within the state, but you can definitely find WA grown weed in states where it’s still illegal.
The pensions are in trouble because the state failed to put up their share of the funding for many years. The Illinois legislature would take "pension holidays" and use the savings to pay for other state services or to pay bills that would otherwise require a tax increase. So basically public sector workers kept the tax rates low by having their retirement funds diverted to pay for regular state business.
Now they have their media lap dogs declaring that public workers and retirees are greedy and overpaid and are bankrupting the state. This pension theft always makes me think of the classic scene in the movie Goodfellas - "Fuck you, pay me!". The Illinois politicians got us into this mess. They can fix this by opening a Chicago casino, legalizing weed, and using the money to pay down the pension debt. Those two changes could bring in about one billion dollars a year. Now do that and start having the teachers paying into their own pension funds like the rest of us public employees and that'll be a great start.
A couple other ideas. Overtime should not count towards your pension. Also, you get promoted, you cannot retire for a minimum of two years or you revert to your previous rank pay for retirement purposes. This will prevent the "promoted one day and retire the next" nonsense.
Retired ISP
4 year contract, ( including years since last contract expired) effectively giving only a 2 year contract. This will allow the new city administration scum bags to figure out their own scams on the public. Hence, 1 1/2 % raise ( total) for the remaining 2 years of contract. Retro, your talking 1.50 % for the already expired portion of the contract which would bring 2 year retro to 3%.
All comp time will be paid at the rate in which it was earned. No more hundreds of hours earned at po rate and sold back at Sgt., Lt. Etc.....rates. Uniform allowance will be slashed for units other than patrol. No more duty availability. Rahm also wants to invest pension earmarked cash into weed cafes. Wow, only 7 more years until retirement.
Blogger jcat said...
Pensions best buddies? Shame on you for buying the smoke and mirror misdirection. The state constitution will be changed and benefits diminished either right away or in the near future. That will only be the beginning.
Secondly all the profits for weed will never be ok'd for pensions. Every Tom, dick and harry will have their hands out. There will be a percentage diverted for social programs and addiction centers to name a few. The snake gives a speech on his way out the door because there is no consequences to the madness for him.
THIS is why there needs to be REAL change in lodge 7 and a consistent effort between all unions citywide to run candidates for office!
John Catanzara 008
12/12/2018 05:01:00 PM
Agreed.
Remember the lottery money was to fund the schools?
Yeah,right.
Yeah, hit the reset button so the bastards can fuck it up again.
Also have a rider to the legalized pot bill to legalize prostitution. Clean and safe Chicago inspectors can tax the hookers, and tax the customers. It's like getting screwed twice.
Legalize weed? Man, those corner dope boyz ain’t gonna like that...
Actually they would love it. Pay $25.00 dollars for a taxed nickel bag? No way! Let’s just go to the corner and buy the better, more porent stuff for $5.00. Illegal sales will never be better. Now that’s a stock to invest in if one existed For the underground economy.
12/12/2018 01:52:00 PM
Meanwhile in the real world you can buy a gram of incredibly strong weed for $8-12 in a nice store,in a nice neighborhood with armed security. I'm sure pothead are going to still risk their lives and risk arrest by going to the west side or little village to deal with shitty ghetto dealers for "old times sake ".
Can't wait to light up!!!!
Rahm Emanuel is a STROKE!
City of Chicago is a bit too late for a casino or casinos and to legalize marijuana. Too many casinos already in the surrounding suburbs, Wisconsin and Indiana
A couple other ideas. Overtime should not count towards your pension. Also, you get promoted, you cannot retire for a minimum of two years or you revert to your previous rank pay for retirement purposes. This will prevent the "promoted one day and retire the next" nonsense.
Retired ISP
12/12/2018 11:04:00 PM
Overtime pay has never been factored into the CPD pension.
CPD pension is based on average of final 4 years base salary regardless of rank.
And, any entitled SS benefits earned thru prior employment and or side jobs is reduced by approx. 70% by the Windfall Elimination Provision Act.
A couple other ideas. Overtime should not count towards your pension. Also, you get promoted, you cannot retire for a minimum of two years or you revert to your previous rank pay for retirement purposes. This will prevent the "promoted one day and retire the next" nonsense.
Retired ISP
12/12/2018 11:04:00 PM
It doesn't for CPD
Anonymous Anonymous said...
A Chicago casino would not be as successful as some people think. The North side has Rivers Casino and the South side has any number of the IN casinos. With the free buses in Chinatown. The legalization of the slot machines in the West suburbs and elsewhere are also taking money from the traditional casinos. Berwyn must have 4 or 5 of them next to each other along Roosevelt off of Oak Park alone.
12/12/2018 07:53:00 PM
It would be more so if it was centrally located rather than tucking it away on the SE side to compete with the Horseshoe. Plenty of tourists would drop in if it was right there and they could walk and just spend an hour or two.
If weed is legal how are the “tact” units going to bring in the numbers?
Selling singles worked for nypd right.
RAHM nothing more than an evil money hungry SOB like JB and Barry Soetoro
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