0'Zer0 has about 0.25T in the 2011-2012 budget for Chi Town.
Pizza & beer set-a-sides too boot!
I’m sorry but LOL.
It just seems so fitting.
No wonder Mayor Daley decided it was time to leave.
Well, I’m sure that Rahm can deal with it.
That's just like blaming the "evil SUV" for going wild and hurting people.
Sorry, it's the criminal behavior of the political ruling class at all levels where the blame rests. Just how did the "Illinois pension code" come into existence? Did it spontaneously form?
Rahm may be sorry he ever left the WH.....
0'Zer0 has about 0.25T in the 2011-2012 budget for Chi Town.
Pizza & beer set-a-sides too boot!
It couldn’t happen to a nicer city.
Pigs at the trough. I’m sure they will find a way to blame republicans for it. At the least Bush will be to blame.
Whats next tax welfare benefits to pay for the pensions?
Unexpected.
Pass everything Obama by one vote.
do I really have to say it???
Ya Think? This of course is further "exacerbated" when many of the retirees are actually dead but their checks is being cashed by the machine or the DNC directly.
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Liberals are SO STUPID they actually thought the gravy train would last forever with their theft.
But they aren’t going to go down without a fight.
Rahm You have to wonder how such a fiscal catastrophe could happen in a nice, honest town like Chicago.
There is no way out of this without alienating every single constituent these politicians have, who just reelected most of them, and that is the basic problem. Anyone who promises reform is essentially swearing to stick it to every one of his constituents who is a Public Employee, and in Chicago almost everyone is (or was) a Public Employee in some way, shape or form.
What an ungodly mess, and there is no telling how they fix it without being barbecued alive in Daley Plaza...
From time to time I work with city and county financial officers. One county assistant manager put his finger on a big part of the problem when he told me, “We used to have professionals, bankers, businessmen and other smart citizens who were elected to the county commission. We now get people who can’t even balance their own checkbooks much less oversee a budget in the millions.” One city manager insisted that I limit the reports I wrote for the city council to one page. “They’re too stupid to understand anything longer than that”, he said. Unfortunately, for most council members, that was an accurate statement.
The unfunded liabilities would be a problem if anyone really thought they would be met. Instead:
“So far, though, Rahm has been mum on how he would deal with Chicago’s burgeoning pension crisis.”
Maybe a prayer?
Don;t worry, Rham is gonna fix EVERYTHING