Gov Quinn Unjust BULLIED and PROTESTED in IL

[GHook93]

I can't believe it, but I am actually sticking up for Gov Quinn - The Worst and Most Corrupt governor in the country!

The guy raised taxes to put IL in top 5 highest income tax on the middle class, highest sales tax, top five highest property tax, one of the top highest utility and gas taxes and of course top 3 highest corporate taxes in the world. It did squat, because like all the gutless politicians they kicked the can down road for the other guy. Well it finally hit the fan and the can couldn't be kicked anymore.

What did Quinn do:
(1) Cut the over-bloated unfunded HIGHWAY ROBBERY pensions that are bankrupting the state! The private sector, who pays for these asshole's jobs, don't get pensions. Yet these fucker believe they should get massive paydays upon retirement. This is the entitlement mentality of Obama and where he wants to take the country. In fact if Quinn had any BALLZ he would have cut the pensions and started the transfer of the collective pensions to individual retirment plans (401k, IRA etc) like cities in CA are starting to do! And the cuts were tiny, no where near what is needed to balance the budget.

(2) He cut the mandatory annual raise! BOO-FUCKING-HOO!!! How get to place that they believe that the entire work force regardless of how your employer is doing? Liberal collectivist mentality. Here is a thought, maybe get your raise based on merit! That is how I got my last raise.

(3) He is cutting jobs and enforcing layoffs!!! Yep we all hate when our employer does a RIF or layoff, but, guess what, THAT IS REALITY!!! When your employer can't make budget he either makes cuts in certain places or he goes under. These scumbags won't allow cuts to their highway robbery pension funds, they won't allow employee contributions to their healthcare and literally will NOT allow consolidation of two redundant divisions, workers or departments. Yet they cry foul when people get laid-off. If you are worried about lay-offs then look North of the border to WI. Walker created a budget SURPLUS without closing any schools (in fact he opened more), without laying off one teacher (in fact he hired more), without any layoffs to any State department and without raising taxes!!!


I have zero sympathy for these people! Their entitlement mentality is what has destroyed the great states of IL and CA!!!

Massive protest mars Quinn’s day at state fair - DailyHerald.com
They’re furious that Quinn canceled raises required under union contracts with the state, even after employees agreed to postpone the raises and take voluntary furlough days.

They object to his plans to cut thousands of jobs by closing prisons and mental health facilities, and they’re fighting efforts to reduce retirement benefits for state employees, teachers and university staff.

 

[GHook93]

Pension showdown looms today — or does it? - DailyHerald.com

Union bullying works on Democrats everytime. They need pension reform and CUTS, but now the spineless Dimocrats are going to back off and DO NOTHING! How soon before Chicago becomes the largest US city to go BK? 2013 perhaps?

 

[Moonglow]

I can't believe it, but I am actually sticking up for Gov Quinn - The Worst and Most Corrupt governor in the country!

The guy raised taxes to put IL in top 5 highest income tax on the middle class, highest sales tax, top five highest property tax, one of the top highest utility and gas taxes and of course top 3 highest corporate taxes in the world. It did squat, because like all the gutless politicians they kicked the can down road for the other guy. Well it finally hit the fan and the can couldn't be kicked anymore.

What did Quinn do:
(1) Cut the over-bloated unfunded HIGHWAY ROBBERY pensions that are bankrupting the state! The private sector, who pays for these asshole's jobs, don't get pensions. Yet these fucker believe they should get massive paydays upon retirement. This is the entitlement mentality of Obama and where he wants to take the country. In fact if Quinn had any BALLZ he would have cut the pensions and started the transfer of the collective pensions to individual retirment plans (401k, IRA etc) like cities in CA are starting to do! And the cuts were tiny, no where near what is needed to balance the budget.

(2) He cut the mandatory annual raise! BOO-FUCKING-HOO!!! How get to place that they believe that the entire work force regardless of how your employer is doing? Liberal collectivist mentality. Here is a thought, maybe get your raise based on merit! That is how I got my last raise.

(3) He is cutting jobs and enforcing layoffs!!! Yep we all hate when our employer does a RIF or layoff, but, guess what, THAT IS REALITY!!! When your employer can't make budget he either makes cuts in certain places or he goes under. These scumbags won't allow cuts to their highway robbery pension funds, they won't allow employee contributions to their healthcare and literally will NOT allow consolidation of two redundant divisions, workers or departments. Yet they cry foul when people get laid-off. If you are worried about lay-offs then look North of the border to WI. Walker created a budget SURPLUS without closing any schools (in fact he opened more), without laying off one teacher (in fact he hired more), without any layoffs to any State department and without raising taxes!!!


I have zero sympathy for these people! Their entitlement mentality is what has destroyed the great states of IL and CA!!!

Massive protest mars Quinn’s day at state fair - DailyHerald.com
They’re furious that Quinn canceled raises required under union contracts with the state, even after employees agreed to postpone the raises and take voluntary furlough days.

They object to his plans to cut thousands of jobs by closing prisons and mental health facilities, and they’re fighting efforts to reduce retirement benefits for state employees, teachers and university staff.

Do you always throw such a hissy fit!?

 

[GHook93]

Perfectly stated!!!

 

[Moonglow]

Pension showdown looms today — or does it? - DailyHerald.com

Union bullying works on Democrats everytime. They need pension reform and CUTS, but now the spineless Dimocrats are going to back off and DO NOTHING! How soon before Chicago becomes the largest US city to go BK? 2013 perhaps?

You are very slow and myopic, but I will also tell you that there have already been bancruptcy declared by several big cities.
I do like the way Obama gave the public workers in Illinios a nice retirement package.

 

[GHook93]

I can't believe it, but I am actually sticking up for Gov Quinn - The Worst and Most Corrupt governor in the country!

The guy raised taxes to put IL in top 5 highest income tax on the middle class, highest sales tax, top five highest property tax, one of the top highest utility and gas taxes and of course top 3 highest corporate taxes in the world. It did squat, because like all the gutless politicians they kicked the can down road for the other guy. Well it finally hit the fan and the can couldn't be kicked anymore.

What did Quinn do:
(1) Cut the over-bloated unfunded HIGHWAY ROBBERY pensions that are bankrupting the state! The private sector, who pays for these asshole's jobs, don't get pensions. Yet these fucker believe they should get massive paydays upon retirement. This is the entitlement mentality of Obama and where he wants to take the country. In fact if Quinn had any BALLZ he would have cut the pensions and started the transfer of the collective pensions to individual retirment plans (401k, IRA etc) like cities in CA are starting to do! And the cuts were tiny, no where near what is needed to balance the budget.

(2) He cut the mandatory annual raise! BOO-FUCKING-HOO!!! How get to place that they believe that the entire work force regardless of how your employer is doing? Liberal collectivist mentality. Here is a thought, maybe get your raise based on merit! That is how I got my last raise.

(3) He is cutting jobs and enforcing layoffs!!! Yep we all hate when our employer does a RIF or layoff, but, guess what, THAT IS REALITY!!! When your employer can't make budget he either makes cuts in certain places or he goes under. These scumbags won't allow cuts to their highway robbery pension funds, they won't allow employee contributions to their healthcare and literally will NOT allow consolidation of two redundant divisions, workers or departments. Yet they cry foul when people get laid-off. If you are worried about lay-offs then look North of the border to WI. Walker created a budget SURPLUS without closing any schools (in fact he opened more), without laying off one teacher (in fact he hired more), without any layoffs to any State department and without raising taxes!!!


I have zero sympathy for these people! Their entitlement mentality is what has destroyed the great states of IL and CA!!!

Massive protest mars Quinn’s day at state fair - DailyHerald.com
They’re furious that Quinn canceled raises required under union contracts with the state, even after employees agreed to postpone the raises and take voluntary furlough days.

They object to his plans to cut thousands of jobs by closing prisons and mental health facilities, and they’re fighting efforts to reduce retirement benefits for state employees, teachers and university staff.

Do you always throw such a hissy fit!?

It's a political message board smokey!!! It's rare to see a Democrat in IL doing the right thing, but when he doesn't his corrupt base bullies him back into line!

 

[GHook93]

Pension showdown looms today — or does it? - DailyHerald.com

Union bullying works on Democrats everytime. They need pension reform and CUTS, but now the spineless Dimocrats are going to back off and DO NOTHING! How soon before Chicago becomes the largest US city to go BK? 2013 perhaps?

You are very slow and myopic, but I will also tell you that there have already been bancruptcy declared by several big cities.
I do like the way Obama gave the public workers in Illinios a nice retirement package.

No shit SMOKEY and Chicago is the 3rd largest city in the US, THAT IS WHY SAID LARGEST!!! It will be a race between LA and Chicago! CA already has a bunch that tossed their hands up, so LA might beat us!

 

[Luddly Neddite]

I missed where it said he took a pay cut and a cut in benefits matching what he cut middle class workers. Could you point it out to me please?

How did it get this bad?

A bipartisan report from earlier this year shows that about 44 percent of the debt is because lawmakers and governors didn't pay enough into the retirement funds over the years — sort of like skipping payments on a 401(k).

About 22 percent of the problem comes from poor investment returns, especially recently during the recession. About 9 percent is because of increases in benefits over the years.

The other 25 percent stems from a variety of other factors.

IOW, although the middle class workers didn't cause it, they have to pay for it.

And, wtf does this have to do with President Obama?

 

[GHook93]

Nice red herring you little homo! Again, Gov Quinn is a horrendous governor, so you won't hear me back him there. But saying a symbolic move like the one you said was never taken therefore, the pensions should be reform is utterly ignorant!

Fact of the matter the reason IL's budget is so out of wack is because the Gangerster in Springfield promised atromical benefits to their big pocket and more important backers, no full well they could never fund them, but they were too spinless to say NO.


Lay off the pipe smokey. I didn't mention Obama!

I missed where it said he took a pay cut and a cut in benefits matching what he cut middle class workers. Could you point it out to me please?

How did it get this bad?

A bipartisan report from earlier this year shows that about 44 percent of the debt is because lawmakers and governors didn't pay enough into the retirement funds over the years — sort of like skipping payments on a 401(k).

About 22 percent of the problem comes from poor investment returns, especially recently during the recession. About 9 percent is because of increases in benefits over the years.

The other 25 percent stems from a variety of other factors.

IOW, although the middle class workers didn't cause it, they have to pay for it.

And, wtf does this have to do with President Obama?

 

[blastoff]

Always nice to see union stooges pissed off at a Dimocrat governor, especially in the state where I spent most of my life before settling in the mecca of west Michigan.

 

[Full-Auto]

Pension showdown looms today — or does it? - DailyHerald.com

Union bullying works on Democrats everytime. They need pension reform and CUTS, but now the spineless Dimocrats are going to back off and DO NOTHING! How soon before Chicago becomes the largest US city to go BK? 2013 perhaps?

They will keep spending money and look to the feds for a bail out.........

 

[asaratis]

Pension showdown looms today — or does it? - DailyHerald.com

Union bullying works on Democrats everytime. They need pension reform and CUTS, but now the spineless Dimocrats are going to back off and DO NOTHING! How soon before Chicago becomes the largest US city to go BK? 2013 perhaps?

They will keep spending money and look to the feds for a bail out.........

That's what liberals do...look for someone else to pay the bills.

Liberalism is a mental disorder!

 

[GHook93]

Always nice to see union stooges pissed off at a Dimocrat governor, especially in the state where I spent most of my life before settling in the mecca of west Michigan.

No it's not good, because when crap like this happens the spineless politicians bend even more and in a blue state like IL, it means even more kicking the can down the road!

 

[blastoff]

Always nice to see union stooges pissed off at a Dimocrat governor, especially in the state where I spent most of my life before settling in the mecca of west Michigan.

No it's not good, because when crap like this happens the spineless politicians bend even more and in a blue state like IL, it means even more kicking the can down the road!

Sorry. In my book a schism between Dimocrats and union stooges is always a good thing.

 

[asaratis]

Always nice to see union stooges pissed off at a Dimocrat governor, especially in the state where I spent most of my life before settling in the mecca of west Michigan.

No it's not good, because when crap like this happens the spineless politicians bend even more and in a blue state like IL, it means even more kicking the can down the road!

Sorry. In my book a schism between Dimocrats and union stooges is always a good thing.

This is just an anomaly. The Democrats generally kiss the unions asses and promote their socialism and graft. When the leaders finally realize that unions are breaking the bank, the have to get tough.

 

[g5000]

Nice red herring you little homo! Again, Gov Quinn is a horrendous governor, so you won't hear me back him there. But saying a symbolic move like the one you said was never taken therefore, the pensions should be reform is utterly ignorant!

Fact of the matter the reason IL's budget is so out of wack is because the Gangerster in Springfield promised atromical benefits to their big pocket and more important backers, no full well they could never fund them, but they were too spinless to say NO.

It goes much deeper than that.

Every state and municipal pension fund invests their pension money. During the derivatives bubble, they were getting a higher than average return on investment (ROI). This was the “new normal”. When you make a higher ROI, you don’ t need to invest as much to meet your future obligations. Or you can increase the benefits. Or both.

Democratic and Republican elected officials did both of these things, all over the country.

Let’s use some numbers to explain what I mean.

Imagine you have a municipal bus driver, Ralph Kramden, who will retire in 20 years and you have promised him $100,000 in benefits when he retires. How much money would you have to invest today to meet that future outlay?

Well, historical ROI was about 8 percent. That means you have to invest $21,500 today for it to grow to $100,000 over 20 years.

During the derivatives bubble, ROI was about 12 percent. That translates to a much smaller investment of $10,000. Less than half the historical amount!

If your public employees’ contributions meet that $10,000 amount, then the state or municipality can stop its contributions altogether and still meet its $100,000 future obligation.

Or the state can keep making its contributions and just promise a bigger retirement. Say $150,000 in benefits instead of the old $100,000 promise.

Or the state can cut back a little in its contributions and increase its promises a little.

A great number of states and municipalities did one of these things during the derivatives bubble.

Now the “new normal” is about 3.5 percent ROI. So to meet a $100,000 obligation, they should be investing a whopping $50,000!

If you have been investing only $10K, where is that extra $40K going to come from?

That’s right. Higher taxes and/or higher public employee contributions.

And that is where we are today. States and municipalities are blowing up left and right.

If you doubt any of what I have said, just Google your state’s or city’s public employee retirement plan’s name along with one of the Wall Street big five broker-dealers and the word “losses”.

For instance, California’s public employee pension fund is called CalPERS. So I google “CalPERS Bear Stearns losses” and I get a story from 2007 like this:
Banks Sell 'Toxic Waste' CDOs to Calpers, Texas Teachers Fund - Bloomberg