Results 1 to 9 of 9
Like Tree2Likes
  • 2 Post By alligater

Thread: Illinois Democrats Gut Chicago City Worker Pensions?

  1. #1
    Banned

    Join Date
    Nov 2009
    Local Union
    710
    Employer
    retired
    Location
    Chicago
    Posts
    5,716
    Rep Power
    0

    Default Illinois Democrats Gut Chicago City Worker Pensions?

    "On Monday, June 9, the Democratic governor of Illinois, Pat Quinn, signed into law a bill cutting retirement benefits for an estimated 57,000 Chicago municipal workers and laborers in the greater Chicago area. The law, championed by Chicago Mayor Rahm Emanuel, Obama’s former chief of staff, imposes severe cuts on workers participating in two city worker pension funds. This is part of the nation-wide drive by the financial elite and its representatives in both big business parties to rob the pensions of public sector workers and channel even more money into the hands of the super-rich. As in Detroit, California and other locales in the US and around the world, the political establishment claims the slashing of pension benefits is the only way to deal with bad fiscal situations and the only alternative to junking pensions altogether. The last six years of austerity policies have been premised on the lie that “there is no money.” In 2014, the dramatic polarization of wealth in the US coincided with a historic peak in total national net worth of $81.8 trillion—up $1.5 trillion in the first half of 2014 alone."
    Illinois Democrats gut Chicago city worker pensions - World Socialist Web Site

  2. #2
    Scab Hating Union Thug

    Join Date
    Aug 2009
    Local Union
    222
    Employer
    YRC
    Location
    Utah
    Posts
    26,773
    Rep Power
    1139

    Default Re: Illinois Democrats Gut Chicago City Worker Pensions?

    Can Rahm Emanuel save Chicago from financial calamity?

    In Washington, DC, Rahm Emanuel had such a tough-guy reputation that people called him "Rahmbo". Now the former White House enforcer, who has been mayor of Chicago since 2011, faces a challenge as hard as any he met in the nation’s capital.

    After years of overpromising and underfunding, Chicago has the worst pension gap of any big American city (see chart 1). Its debts are rising even as its population shrinks (see chart 2). Rahmbo’s mission is to save Chicago from financial ruin. Unlike previous mayors, he is trying. It is not making him popular.

    Read more: Emanuel May Not Be Able To Save Chicago - Business Insider

  3. #3
    Banned

    Join Date
    Nov 2009
    Local Union
    710
    Employer
    retired
    Location
    Chicago
    Posts
    5,716
    Rep Power
    0

    Default Re: Illinois Democrats Gut Chicago City Worker Pensions?

    Quote Originally Posted by 222lifer View Post
    Oh, that's not all.

    Rahm Emanuel On School Closings: Chicago Mayor Defends Action As Tough But Needed

    And to think, union dues support these morons.
    Last edited by Spaghetti; 06-18-2014 at 12:50 AM.

  4. #4
    Scab Hating Union Thug

    Join Date
    Aug 2009
    Local Union
    222
    Employer
    YRC
    Location
    Utah
    Posts
    26,773
    Rep Power
    1139

    Default Re: Illinois Democrats Gut Chicago City Worker Pensions?

    Quote Originally Posted by Spaghetti View Post
    Oh, that's not all.

    Rahm Emanuel On School Closings: Chicago Mayor Defends Action As Tough But Needed

    And to think, union dues support these morons.
    Old news noodles. You didn't read my link did you?

  5. #5
    Scab Hating Union Thug

    Join Date
    Aug 2009
    Local Union
    222
    Employer
    YRC
    Location
    Utah
    Posts
    26,773
    Rep Power
    1139

    Default Re: Illinois Democrats Gut Chicago City Worker Pensions?

    We have been watching a program about this mayor and his struggles to turn things around. He caught bloody hell over closing the schools.

  6. #6
    Banned

    Join Date
    Nov 2009
    Local Union
    710
    Employer
    retired
    Location
    Chicago
    Posts
    5,716
    Rep Power
    0

    Default Re: Illinois Democrats Gut Chicago City Worker Pensions?

    Quote Originally Posted by 222lifer View Post
    Old news noodles. You didn't read my link did you?
    Yes I did, they forgot to mention the 66% tax on Social Security Benefits when public workers retire. So instead of receiving 100% of Social Security, they only receive 34%.

    Thanks to another sack of s*** Dumbocrat politician named Dan Rostenkowski who was Chairman of the House Committee during the Reagan years, who passed that Social Security tax bill in the 1980's.
    Last edited by Spaghetti; 06-18-2014 at 01:17 AM.

  7. #7
    Scab Hating Union Thug

    Join Date
    Aug 2009
    Local Union
    222
    Employer
    YRC
    Location
    Utah
    Posts
    26,773
    Rep Power
    1139

    Default Re: Illinois Democrats Gut Chicago City Worker Pensions?

    Quote Originally Posted by Spaghetti View Post
    Yes I did, they forgot to mention the 66% tax on Social Security Benefits when public workers retire. So instead of receiving 100% of Social Security, they only receive 34%.

    Thanks to another sack of s*** Dumbocrat politician named Dan Rostenkowski who was Chairman of the House Committee during the Reagan years, who passed that Social Security tax bill in the 1980's.
    Those folks that work out at the Army base here will get "0" social security benefits. They must work in the private sector for 3 years to gain them.

  8. #8
    I Am Rocking Now

    Join Date
    Apr 2010
    Local Union
    89
    Employer
    Allied
    Posts
    8,780
    Rep Power
    0

    Default Re: Illinois Democrats Gut Chicago City Worker Pensions?

    And this is the Case, out of Money.

    Might as well be Scott Walker.

  9. #9
    Getting In The Groove Now.

    Join Date
    Nov 2009
    Local Union
    745
    Employer
    abf
    Posts
    185
    Rep Power
    128

    Default Re: Illinois Democrats Gut Chicago City Worker Pensions?

    How come the media is not covering this ?
    oops it's democrats shhhhhhhhhhhh
    Spaghetti and strapdrager like this.

 

 

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257 258 259 260 261 262 263 264 265 266 267 268 269 270 271 272 273 274 275 276 277 278 279 280 281 282 283 284 285 286 287 288 289 290 291 292 293 294 295 296 297 298 299 300 301 302 303 304 305 306 307 308 309 310 311 312 313 314 315 316 317 318 319 320 321 322 323 324 325 326 327 328 329 330 331 332 333 334 335 336 337 338