Illinois: Greece on Lake Michigan

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chijohnaok
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Re: Illinois: Greece on Lake Michigan

#311 Post by chijohnaok » Thu Apr 04, 2019 1:31 pm

The results of the run off municipal election in Chicago:

https://chicago.cbslocal.com/2019/04/03 ... y-council/
Socialists Surge To Victories In Chicago City Council

April 3, 2019 at 12:07 pmFiled Under:Chicago, Chicago City Council, Chicago Election, Chicago News, Local TV, Socialism

CHICAGO (CBS) — Socialism is surging in City Council.

A total of five democratic socialists, and possibly a sixth, won races for alderman either in February or in Tuesday’s runoff elections.

That sixth candidate, Rosanna Rodriguez-Sanchez is trailing longtime Ald. Deb Mell by only a few dozen votes. Mell, whose family has represented the 33rd Ward for more than 40 years, is hoping that mail ballots will help her maintain her seat.

Two members backed by the Democratic Socialists of America won in the first round in February.

Carlos Ramirez Rosa won re-election in the 35th Ward. In the 1st Ward, Daniel La Spata defeated veteran Ald. Proco “Joe” Moreno.

Three more DSA-supported candidates won in the runoff.

On Tuesday, Andre Vasquez beat Ald. Patrick O’Connor, who was Mayor Emanuel’s floor leader. O’Connor also was named chairman of the powerful Finance Committee after Ald. Ed Burke was indicted on federal corruption charges. That race, and Burke’s fall from power, are all signals of a decline in the old-guard Democratic Machine on the City Council.

In the 20th Ward, Jeanette Tayor, who was also endorsed by the Democratic Socialists of America, easily won her runoff. She succeeds Ald. Willie Cochran, who pleaded guilty to a felony charge of wire fraud for misusing his campaign funds for gambling and other personal expenses, including tuition for his daughter.

Finally, Byron Sigcho-Lopez won his runoff in the 25th Ward. Incumbent Ald. Danny Solis, who has reportedly been cooperating with federal investigators in their ongoing City Hall corruption probe, did not seek another term.

To chants of “Andre, Andre,” Vasquez declared victory around 9:30 p.m. on Tuesday.

“Take a look around the room, we did this!” he said. “Every person who knocked on a door and made a phone call … that’s what got us the win tonight.

Sigcho-Lopez, currently on a leave of absence from the Pilsen Alliance, bills himself as an educator and public policy researcher at UIC. He had been endorsed by the Chicago Sun-Times.

Their wins mirror a trend nationally, mostly notably the election of democratic socialist Rep. Alexandria Ocasio-Cortez in New York.

There are many new faces at City Hall now. About half of the alderman were either elected or appointed after 2015 or won their seats for the first time this year.
Five (with a possible 6th) Democratic Socialist candidates win a seat in the 50 member Chicago City Council.

Sadly, this will probably accelerate Chicago's race into insolvency.

Also, the new Mayor is an African-American lesbian.
The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money.
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Re: Illinois: Greece on Lake Michigan

#312 Post by mdiehl » Thu Apr 04, 2019 1:37 pm

Or alternatively maybe they'll fix shit. Also, who give a rat's hind end about her skin color or her sexual preference? She might be great. Give her a chance, right?
"Fuck the king." - Sandor Clegane
"And the story was whatever was the song what it was." - Dire Straits
'Our father, which art in heaven..' "May he fucking stay there." - Al Swearengen, Deadwood

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Re: Illinois: Greece on Lake Michigan

#313 Post by chijohnaok » Thu Apr 04, 2019 2:21 pm

mdiehl wrote:Or alternatively maybe they'll fix shit. Also, who give a rat's hind end about her skin color or her sexual preference? She might be great. Give her a chance, right?
I don't have an issue with the new mayor (Lori Lightfoot).
While I don't know that much about her background, I actually favored her against the other candidate (Toni Preckwinkle).
Lightfoot was the Assistant U.S. Attorney in Chicago for a while and helped prosecute corruptiom charges against local politicians.
She later served as the head of the Chicago Police Department Office of Professional Standards.

Preckwinkle was the President of the Cook County Board AND the President of the Cook County Democratic Party.
Preckwinkle had received some shady(over the legal limit) campaign contributions from Alderman Ed Burke, who is currently under federal indictment for corruption.
Preckwinkle was, by default, the Democratic Party machine's candidate (in what is officially a non-partisan election).

Lightfoot, while also a Democrat, was as much of an "outsider" as you can be in Chicago.
The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money.
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Re: Illinois: Greece on Lake Michigan

#314 Post by mdiehl » Thu Apr 04, 2019 2:33 pm

Well, in that case, this song is for you:

"Fuck the king." - Sandor Clegane
"And the story was whatever was the song what it was." - Dire Straits
'Our father, which art in heaven..' "May he fucking stay there." - Al Swearengen, Deadwood

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Re: Illinois: Greece on Lake Michigan

#315 Post by chijohnaok » Mon Apr 08, 2019 10:23 am

The return of warm weather to Chicago can only mean one thing....
..



https://www.chicagotribune.com/news/loc ... story.html
In a period of a little over 24 hours this weekend, 24 people were shot in Chicago, including three children under 13 — and three of the adults shot died from their injuries, according to police.
:(
The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money.
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Re: Illinois: Greece on Lake Michigan

#316 Post by chijohnaok » Mon Apr 08, 2019 10:58 am

PS: i predict that none of the shooters involved in this past weekend’s violence were wearing MAGA hats.
The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money.
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Re: Illinois: Greece on Lake Michigan

#317 Post by NefariousKoel » Mon Apr 15, 2019 7:52 pm

The taxes of the bureaucracy are expanding to meet the income requirements of the bureaucracy.

What a crooked shithole.

Image

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Re: Illinois: Greece on Lake Michigan

#318 Post by chijohnaok » Mon Apr 15, 2019 8:58 pm

NefariousKoel wrote:The taxes of the bureaucracy are expanding to meet the income requirements of the bureaucracy.

What a crooked shithole.

There is nothing that Chicago politicians will not attempt to tax you on.
The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money.
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Re: Illinois: Greece on Lake Michigan

#319 Post by chijohnaok » Sat May 04, 2019 7:23 pm

https://www.chicagobusiness.com/greg-hi ... ii3YQRjhfM

GREG HINZ ON POLITICS

May 03, 2019 12:29 PM

State pension hole hits record $133.5 billion

Despite a roaring stock market, Illinois is more behind than ever in setting aside the money required to pay promised pension benefits to state workers.

GREG HINZ

Despite a roaring stock market, combined unfunded liabilities in the state's five pension funds rose again and hit a record $133.5 billion in the year ended June 30.

That's the depressing news on a sunny spring day as the Legislature's fiscal unit released its annual report on the state's ever-deepening retirement fiscal hole.

According to the Commission on Government Forecasting & Accountability, the difference between what the state has set aside for retirement benefits and what it has committed to pay (the unfunded liability) rose $4.8 billion in fiscal 2018, up 3.7 percent from the prior year.

Only twice in the last decade has combined unfunded liability dropped. As a result, the shortfall ballooned from $54.8 billion as recently as 2008 to $133.5 billion now.

Those figures are based on the market value of state assets. But another accounting method, which "blends" returns over a five-year period, showed very similar results.

The report ticks off a variety of reasons for the decline, but at the top of the list as usual is "insufficient contributions" by the employer, the state. Put a different way, the state has not been contributing the amount that the actuaries say is required, even though contributions have climbed regularly and are on target to pass the $9.2 billion mark in fiscal 2020.

Gov. J.B. Pritzker's proposed fiscal 2020 budget actually would deepen the hole by not making $800 million in required pension contributions now. But he says he'll more than catch up later, with the state shifting some assets to the pension funds and guaranteeing them a cut of billions of dollars of income from his proposed new graduated income tax—presuming the tax is approved by lawmakers and then voters in a 2020 referendum.
 
There are some small bits of good news in the report.

One is that the funded ratio of the funds actually ticked up from 39.8 percent to 40.2 percent. But it’s still below what it was in 2011, with huge gains in the equity markets since then.

Another dollop of good news is that the amount being paid out by funds in benefits seems to be leveling off. But it’s not clear whether that will continue.

The report covers pension systems for public school teachers, white-collar state workers, university employees, judges and Illinois General Assembly members. The latter two are the worst-off, but none of the three larger funds has more than 42.7 percent of the assets required to pay promised benefits.

State law requires the pension systems to be 90 percent funded by 2045. But Pritzker wants to extend that ramp by seven years, to 2052.
Illinois’ state pension fund in trouble?
Just another day in Illinois. :(
The American Republic will endure until the day Congress discovers that it can bribe the public with the public’s money.
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Re: Illinois: Greece on Lake Michigan

#320 Post by jack t ripper » Sat May 04, 2019 9:08 pm

How on Earth could those idiots not close the gap while Trump is in office? Every week my retirement software tells me I can retire 2 months earlier. :lol:

Every public employee union hack should vote for Trump. He's the only chance they got. :lol:
Strong supporter of global warming as I have invested in speculative vineyard properties around Nome

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