Quote:The Second City is strapped with a $30 billion unfunded liability for public worker and teacher pensions. This year, Mayor Rahm Emanuel must scrape together $1.1 billion, nearly a third of the city’s $3.5 billion general budget, to make a balloon payment to the city’s pension funds. Separately, the city’s schools face a $1.1 billion deficit driven by a $634 million pension bill.

Link that you'll have to pay for to see

Rahm's solution: build a city owned casino with all profits going to pensions. Not that Chicago needs another casino, as there are a least a half dozen within a short drive. But why not. Casino's are the golden geese.

The process must be perfected though. You have to:

A) Ensure SNAP and other EBT cards are capable of having their cash withdrawn at a casino ATM.
B) Provide Free shuttle service to the low income people to ensure they can get to the casino

That way, its the american tax payer who is ultimately funding their pension shortfall.

Build islands in Lake Michigan like the Chinese are doing in the South China Sea. Then sell the islands to the Chinese military.

(06-06-2015 11:00 AM)UConn-SMU Wrote:  Build islands in Lake Michigan like the Chinese are doing in the South China Sea. Then sell the islands to the Chinese military.

Best plan ever.

Have the Clinton Foundation fund it !

(06-07-2015 10:36 AM)CardFan1 Wrote:  Have the Clinton Foundation fund it !

So you are saying foreign governments should fun it? Nice!

(06-07-2015 10:36 AM)CardFan1 Wrote:  Have the Clinton Foundation fund it !

If Hillary is elected, can you imagine the money coming into the slush fund? Diverting just 10% will solve Chicago's problems.

Despite her Southern twang, Hillary is from Chicago. This can happen!

(06-07-2015 01:24 PM)UConn-SMU Wrote:  

(06-07-2015 10:36 AM)CardFan1 Wrote:  Have the Clinton Foundation fund it !

If Hillary is elected, can you imagine the money coming into the slush fund? Diverting just 10% will solve Chicago's problems.

Despite her Southern twang, Hillary is from Chicago. This can happen!

Hillary has a worse fake southern accent than Paula Dean. And thats saying something.

Public sector unions are so awesome.

(06-07-2015 01:24 PM)UConn-SMU Wrote:  

(06-07-2015 10:36 AM)CardFan1 Wrote:  Have the Clinton Foundation fund it !

If Hillary is elected, can you imagine the money coming into the slush fund? Diverting just 10% will solve Chicago's problems.

Despite her Southern twang, Hillary is from Chicago. This can happen!

Weren't you guys saying similar things when Obama was elected? Things like Obama would bail out Chicago/Illinois.

Btw, I do think that a Chicago casino would bring in a lot of cash for the city but given that I live in a city with a casino which would be hit hard, I am not sure the one here would survive and it it is pretty critical for the downtown area to succeed.

(06-07-2015 10:13 PM)RobertN Wrote:  

(06-07-2015 01:24 PM)UConn-SMU Wrote:  

(06-07-2015 10:36 AM)CardFan1 Wrote:  Have the Clinton Foundation fund it !

If Hillary is elected, can you imagine the money coming into the slush fund? Diverting just 10% will solve Chicago's problems.

Despite her Southern twang, Hillary is from Chicago. This can happen!

Weren't you guys saying similar things when Obama was elected? Things like Obama would bail out Chicago/Illinois.

Btw, I do think that a Chicago casino would bring in a lot of cash for the city but given that I live in a city with a casino which would be hit hard, I am not sure the one here would survive and it it is pretty critical for the downtown area to succeed.

Sure, you progs keep fleecing the very people you claim to support. Then when that spigot runs dry, where you turning next?

Good grief. It's so ridiculous its become comical. Kinda.

(06-06-2015 10:37 AM)QuestionSocratic Wrote:  

Quote:The Second City is strapped with a $30 billion unfunded liability for public worker and teacher pensions. This year, Mayor Rahm Emanuel must scrape together $1.1 billion, nearly a third of the city’s $3.5 billion general budget, to make a balloon payment to the city’s pension funds. Separately, the city’s schools face a $1.1 billion deficit driven by a $634 million pension bill.

Link that you'll have to pay for to see

Rahm's solution: build a city owned casino with all profits going to pensions. Not that Chicago needs another casino, as there are a least a half dozen within a short drive. But why not. Casino's are the golden geese.

That's not a solution Rahm, as anyone in Atlantic City could relate. Either the pension plans get renegotiated or the city declares bankruptcy.

(06-07-2015 01:42 PM)blunderbuss Wrote:  Public sector unions are so awesome.

Question: What happens when you take the benefits away from public sector work?

Answer: Nobody remotely qualified applies to do the work - enjoy your substandard workforce!

(06-08-2015 08:49 AM)oliveandblue Wrote:  

(06-07-2015 01:42 PM)blunderbuss Wrote:  Public sector unions are so awesome.

Question: What happens when you take the benefits away from public sector work?

Answer: Nobody remotely qualified applies to do the work - enjoy your substandard workforce!

Some would argue the workforce is already substandard.

(06-08-2015 08:49 AM)oliveandblue Wrote:  

(06-07-2015 01:42 PM)blunderbuss Wrote:  Public sector unions are so awesome.

Question: What happens when you take the benefits away from public sector work?

Answer: Nobody remotely qualified applies to do the work - enjoy your substandard workforce!

Who said anything about taking away all their benefits? I think they need to be completely restructured though. Public sector pensions funded by taxpayer money are a thing of the past.

(06-08-2015 08:49 AM)oliveandblue Wrote:  

(06-07-2015 01:42 PM)blunderbuss Wrote:  Public sector unions are so awesome.

Question: What happens when you take the benefits away from public sector work?

Answer: Nobody remotely qualified applies to do the work - enjoy your substandard workforce!

Nothing wrong with giving them benefits like other professions have, they just shouldn't be getting pensions after 20-30 years of work.

Cities that put pension plans into place before it was known that people would be living 80+ years are going to have a difficult time working through their unfunded liabilities. Once they work through that they'll probably be in good shape again, but it is going to be an expensive, painful lesson.

The growing cities in the south can and have learned from those mistakes. The benefits are still attractive and in many cases better than the private sector in southern cities, but they aren't nearly as outrageous as what you find in places like Chicago.