Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

In Chicago, Rahm Emanuel finds a typically Democratic solution to his pension fund problems
Hot Air.com ^ | August 7, 2016 | JAZZ SHAW

Posted on 08/07/2016 4:44:23 PM PDT by Kaslin

click here to read article


Navigation: use the links below to view more comments.
first 1-2021-4041-44 next last

1 posted on 08/07/2016 4:44:23 PM PDT by Kaslin
[ Post Reply | Private Reply | View Replies]

To: Kaslin

Chicago - will be the next Detroit soon...


2 posted on 08/07/2016 4:46:09 PM PDT by 2banana (My common ground with terrorists - they want to die for islam and we want to kill them)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kaslin
Once fully phased in, the new tax would produce an estimated $239 million a year to help reduce the $18.6 billion the city owes the municipal workers' fund

Hey only 78 years to make up the shortfall!

Nice job Rhambo!

3 posted on 08/07/2016 4:51:57 PM PDT by nascarnation
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kaslin

I thought, when I saw “typically democrat solution” they must’ve appealed to the Federal Govt and obtained a 30 billion dollar bailout.
Pleased to see that at least they are going to have Chicago residents pay for Chicago boondoggles.


4 posted on 08/07/2016 4:54:21 PM PDT by Migraine (Diversity is great -- until it happens to YOU.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kaslin

“””The average Chicago homeowner’s water and sewer bill is $114.30, billed every other month, city officials have said.”””

$114.30 billed every other month or $57.15 per month looks pretty cheap to me. I am paying just over $80 per month for water and sewer.


5 posted on 08/07/2016 4:55:31 PM PDT by Presbyterian Reporter
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kaslin

another enemy of America, when do we get smart and go after these criminals


6 posted on 08/07/2016 4:56:11 PM PDT by ronnie raygun
[ Post Reply | Private Reply | To 1 | View Replies]

To: Kaslin

Either Democrats don’t understand the concept of the “death spiral”, or they think if they continue to raise taxes at a slow enough pace they can delay the exodus of the middle class (including the black and hispanic middle class) long enough for the current office holders to retire to Florida.


7 posted on 08/07/2016 4:56:52 PM PDT by Stosh
[ Post Reply | Private Reply | To 1 | View Replies]

To: Presbyterian Reporter

Using the average amount paid for these utilities is pointless. I think a more realistic figure would me the median amount paid.


8 posted on 08/07/2016 4:59:29 PM PDT by 1raider1
[ Post Reply | Private Reply | To 5 | View Replies]

To: Presbyterian Reporter

The city sits right on the shores of the world’s largest fresh water source, and dumps much of it waste water (after treatment) down the Mississippi through the Sanitary Canal.

Go a few miles inland to the collar counties, and you’ll start to find water and sewer bills that look like yours. But the point is city dwellers should have relatively inexpensive water, and have had it, but soon won’t, because of Democrat incompetence and corruption.


9 posted on 08/07/2016 5:01:01 PM PDT by Stosh
[ Post Reply | Private Reply | To 5 | View Replies]

To: nascarnation
Hey only 78 years to make up the shortfall!

So the actual plan would be to have the pensioners die off before they get paid.

10 posted on 08/07/2016 5:10:36 PM PDT by Vince Ferrer
[ Post Reply | Private Reply | To 3 | View Replies]

To: Presbyterian Reporter

It depends on how many people live in your household, and it depends on the area where you live. I remember when we paid $5 per month for water. We didn’t have sewer then, they put that in our street and area when we were stationed in Germany


11 posted on 08/07/2016 5:12:04 PM PDT by Kaslin (He neededAwesomeOf the ignorant to reelect him. He got them and now we have to pay the consequences)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Vince Ferrer

That only works if the city has changed from defined benefit to defined contribution for active workers.

I don’t know if that has happened.


12 posted on 08/07/2016 5:13:35 PM PDT by nascarnation
[ Post Reply | Private Reply | To 10 | View Replies]

To: Vince Ferrer
So the actual plan would be to have the pensioners die off before they get paid.

That can happen! After all, it is Chicago.

13 posted on 08/07/2016 5:13:52 PM PDT by Tonytitan
[ Post Reply | Private Reply | To 10 | View Replies]

To: Kaslin

He’ll spend the money on some other thing and come back to the trough once again ...


14 posted on 08/07/2016 5:15:23 PM PDT by SkyDancer ("They Say That Nobody's Perfect But Yet Here I Am")
[ Post Reply | Private Reply | To 1 | View Replies]

To: nascarnation
LOL!

And there's an Illinois constitutional amendment that guarantees full union pension funding to boot.

Good thing that we have judges in black robes who will overturn such amendments the taxpayers don't like...

Oh, what am I saying?

Only constitutional amendments that the PEOPLE voted on, those are OK to overturn.

If it's a "public" UNION, there is absolutely no way to get around it, as nobody has "standing".

15 posted on 08/07/2016 5:17:19 PM PDT by boop (Nobody can eat fifty eggs!)
[ Post Reply | Private Reply | To 3 | View Replies]

To: 2banana

“Chicago - will be the next Detroit soon...”

Democrats destroy everything they touch. They are a cancer on the body politic.


16 posted on 08/07/2016 5:17:22 PM PDT by ought-six (Multiculturalism is national suicide, and political correctness is the cyanide capsule.)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Kaslin

72 / 7% expected Annual Growth = 10 years for your investment to Double, ALL Public Pensions expect this Mathematically Impossibility in perpetuity. That WHich is Mathematically impossible WILL NOT HAPPEN, no matter what Anyone says.


17 posted on 08/07/2016 5:22:10 PM PDT by eyeamok (destruction of government records.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 2banana

It will officially be the next Detroit when the Police Chief tells the public, like the Chief in Detroit, to arm themselves because Police can’t get there in time. It appears they are in denial currently. Crime substantially dropped in the Motor City after that.


18 posted on 08/07/2016 5:22:36 PM PDT by Sasparilla (Hillary for Prison 2016)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Presbyterian Reporter

Here in the Houston suburbs our basic bill is pennies more than $50 most of the year and rises to close to $60 month when it is dry and we have to run the sprinklers three times a week. Seems like you are paying a lot more than we are.

Not sure what Chicago is complaining about either.


19 posted on 08/07/2016 5:31:13 PM PDT by Grams A (The Sun will rise in the East in the morning and God is still on his throne.)
[ Post Reply | Private Reply | To 5 | View Replies]

To: Stosh
The city sits right on the shores of the world’s largest fresh water source,

And it's some of the best water in the world. I never even thought of drinking bottled water when I lived there. I've even drank water straight from the lake a few miles out.

Chicago was once the greatest city in America. now it just another rat hole.

BTW Did you know Chicago is the 3d largest Mexican city in the world? It comes after L.A and Mexico City (DF).

Build that wall!

20 posted on 08/07/2016 5:31:37 PM PDT by sailor76 (GO TRUMP!!! Make America Great Again!)
[ Post Reply | Private Reply | To 9 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-44 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson