Cutting the Budget to Make up for the Failure to Fund the Pension Plans


 

Bangkok topiary.  Not sure if their city workers have pension plans.  We do have street art in Chicago...and our pension plans are in crisis due to  inept politicians.

Bangkok topiary. Not sure if their city workers have pension plans. We do have street art in Chicago…and our pension plans are in crisis due to inept politicians.

Illinois—my state—is a perfect example of  voters not paying attention to what our legislators are doing.  It’s not that we don’t have ‘watchdog groups’, it’s that we have  major  newspapers  which are  edited  and published by  people who seem to be in collusion with  corrupt and inept politicians, and an uneducated populace that  ranks legislation right up ther with insurance: boring.

These same  newspapers—which endorse our politicians, have real chutzpah when, several months later, they  browbeat us citizens for voting for them.  Why they endorse these hooligans is anyone’s guess…or are they being paid off?

What got me going on this is that we are having a mayoral election  in about  two weeks (early voting has started).  It is a run-off between Rahm Emanuel—the incumbent, and Jesus “Chuy” Garcia, a county commissioner. Chuy  has a degree in urban planning, and has a lot of experience as an elected official.  He’s known as a neighborhood guy. He’s had some missteps (all of us have applied for  tax breaks we end up not being entitled too), but for the most part, he  doesn’t have wealthy friends in high places:   the 1% who want to do  business in the city and  make  deals behind closed doors.

Rahm speaks with authority.  Even though he has screwed us over:  he  promised to be transparent about the Tax Increment Financing money…and he immediately cut a deal with DePaul University —a private, CATHOLIC, endowed  entity…so they could build a stadium—& Rahm took  residential property OFF THE TAX ROLLS TO DO IT…even though he  promised is 1000 more police on the street, there are not, and even  though he closed  50 neighborhood elementary schools & diverted tax dollars to private charter schools…and in 4 years time has done NOTHING to address  the under funded pension funds for city workers (and we have a crisis at the state level as well).  He still seems to have more credibility than Chuy—because he  speaks with confidence—and because the local media present him as being a better choice. They ar not neutral, and the newspapers bury the  stories of shady dealings in the business section.

He’s turned the argument into the fact that Chuy has not come out with a plan, and he knows people fear that property taxes will go up. Yet,he’s put forth no plan of his own  and that’s ok with  major media.  It’s frightening.  It’s all marketing.  Rahm has the money to twist and obfuscate.

Knowing people who  work on the Garcia campaign, I’ve suggested that he  ask every alderman (there are 50) to give up 1 staff person. That  the  neighborhood  ‘development corporations’ (what  in some areas are  chambers of commerce) actually be put into aldermen’s offices—without a separate overlay of staff and expenses.  Raise fees, fines, and rates.  Hell,  there  are so many  businesses—particularly pet  industry businesses—that are not in compliance with current laws, and  they are being ignored.

Chicago Animal Care & Control  could easily double their adoption fees and nobody would complain.  We have way too many street fairs which really don’t  market  actual businesses that  pay property taxes (via rent) all that well, and  we provide free police  for those fairs and to all the sports teams when they have games in town.  Discretionary infrastructure money  could easily be cut by at least 30%.  In our ward, we have  voted on projects that have been nice—but would I rather have my taxes go up 30% to cover them?  Well, it looks like that will be the reality no matter who the mayor is.

A candidate  for mayor who withdrew due to health reasons, Karen Lewis, suggested taxing trades 1% at the board of trade.   Bunch of whiners—speculator/gamblers   talked of moving out of the city, Really? To where? Skokie?  I don’t think so.  I know from working  in a service business that most of the 1% hardly pay attention to what  frivolities cost.

Finally:  legalize  and tax marijuana…and release all those serving time for non-violent drug crimes.  It’s one thing to involve a weapon, and  another  to be in jail for being an entrepreneur.  We just can’t afford this  morality craziness.  It hasn’t worked and costs too much…and we can look at the examples of Washington  and Colorado.

Matt Taibbi has an excellent article in Rolling Stone  several years ago: http://www.rollingstone.com/politics/news/looting-the-pension-funds-20130926

I urge  everyone to read it.  it’s not a mystery how this all happened.  We let them.

 

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