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So who would want to meet with Rahm Emanuel, of all people???
Watch the video down below.
CHICAGO (CBS) — A few weeks after speaking to President-elect Donald Trump about the White House transition, Mayor Rahm Emanuel was scheduled to meet with Trump in New York.
Earlier this week, the mayor confirmed Trump called him after winning the race for president, because of Emanuel’s experience as a top adviser to two presidents.
“The president-elect is aware, obviously, I’ve worked for two presidents in different positions – a senior adviser for President Clinton, chief of staff for President Obama – and I’ve worked on their transitions. I think you also know that we talked about a host of things, a host of issues,” Emanuel said.
Chicago Mayor Rahm Emanuel brags about balancing the Chicago budget and fixing the city’s pension plans.Reuters writer Dave McKinney took the lies hook line and sinker.
Mark Glennon at Wirepoints Illinois separates fact from fiction in his article Chicago’s Friday Bunk Dump. This is a guest post by Glennon.
Chicago’s Friday Bunk Dump
Fridays in the summer are a great day to dump news you don’t want scrutinized, as reporters will tell you. Today, we got a new financial report from the city, the actuarial reports for its police and firefighter pensions and news of a private offering by Chicago’s school district.
It is well known that Chicago’s pension liabilities have completely decimated the city’s finances and currently stand at close to $20 billion. Faced with a significant challenge of meeting funding obligations as a result of a 2010 state law, Mayor Rahm Emanuel recently won a slight reprieve in the amount of money the city would have to contribute to fund the liabilities over the next few years, as recently Illinois lawmakers overrode Governor Bruce Rauner’s veto and will now change the legislation in order to allow the city to defer payments to fund pensions.
Last July, Cook County judge Rita Novak dealt Chicago Mayor Rahm Emanuel a bitter blow in his efforts to cut pension expenses.
“A Cook County judge will rule on the legality of a 2014 pension law aimed at reforming two of Chicago’s underfunded city retirement systems,” the Illinois Policy Institute wrote, in the lead up to the crucial ruling. “While the pension law included some much-needed reforms, such as an increase in the retirement age, if upheld the law ultimately would put Chicago residents on the hook for millions of dollars of tax increases.”
While the rest of the world has ISIS to contend with, the US has Chicago, a city where the number of annual homicides will easily outpace the death count of even the most gruesome terrorist incident – a sad reality which most of America, and certainly Chicago Mayor Rahm Emanuel, has closed its eyes to.
But in the aftermath of the latest police shooting controversy involving the dashboard video documenting the shooting death Laquan McDonald, as well that following the gang execution of Tyshawn Lee, which stirred national tempers, there had to be a fall guy, and sure enough moments ago the Chicago Police Chief Garry McCarthy was fired by Mayor Rahm Emanuel, according to the Chicago Sun Times.
– In Key Decision, Junk-Rated Chicago’s Pension Reform Bid Ruled Unconstitutional (ZeroHedge, July 25, 2015):
On Thursday, we previewed a critical court ruling involving Chicago mayor Rahm Emanuel’s effort to cut pension expenses and plug a yawning budget gap. Here’s a brief recap of the story so far:
Back in May, the Illinois Supreme Court set a de facto precedent for lawmakers across the country when a bid to cut pension benefits was struck down in a unanimous ruling. Anyone who might have been confused as to the significance of the decision got a wake up call from Moody’s when the ratings agency, citing the read-through for Chicago’s fiscal situation, downgraded the city to junk. This is part of a larger fiscal crisis in the country which has left almost half of US states facing funding gaps for the upcoming fiscal year. All told, the total pension shortfall across states and cities is anywhere between $1.5 trillion and $2.4 trillion depending on who you ask.
And here’s a recap of what was at stake in Friday’s ruling, courtesy of the Illinois Policy Institute:
“They want your fucking retirement money!”
– George Carlin (2005)
– Detroit bankruptcy ruling triggers calls for pension cuts across the US (WSWS, Dec 6, 2013):
Within days of a federal judge’s ruling in support of the Detroit bankruptcy, the devastating implications for the working class across the US are becoming apparent. States and cities throughout the country are citing the legal precedent of the Detroit ruling to attack public employee pensions, initiating a new stage in the assault on workers’ rights and living standards.
Politicians of both big business parties, media outlets and financial institutions have welcomed the decision by Judge Steven Rhodes, hailing its categorical assertion that federal courts can override state and local guarantees of public workers’ pensions.
The Michigan Constitution declares that accrued pension benefits are “contractual obligations” that “shall not be diminished or impaired.” Many other state constitutions have similar provisions. But Rhodes brushed aside the Michigan Constitution in order to open the door to the gutting of pensions.
On Thursday, Illinois Governor Pat Quinn signed into law a pension bill that slashes benefits for retired as well as active state employees, in violation of the Illinois Constitution’s prohibition of such pension cuts. Described as a “landmark” law, the Illinois measure will raise the retirement age for younger workers by eight years, slash cost-of-living adjustments for current pensioners, and transfer many workers from state-paid pension plans to employee-paid 401(k) plans.
– Chicago Next? Windy City Cash Balance Plummets To Only $33 Million As Debt Triples (ZeroHedge, July 28, 2013):
While everyone’s attention is focused on the Detroit bankruptcy, and just what assets the city will sell in lieu of raising a DIP loan, perhaps it is time to refocus attention to the city 300 miles west: Chicago. According to the Chicago Sun Times citing year-end audits, Obama’s former right hand man, Rahm Emanuel, closed the books on 2012 with $33.4 million in unallocated cash on hand — down from $167 million the year before — while adding to the mountain of debt piled on Chicago taxpayers. In addition to a liquidity problem, Chicago may also be quite insolvent as the city’s total long-term debt soared to nearly $29 billion. That’s $10,780 for every one of the city’s nearly 2.69 million residents. More than a decade ago, the debt load was $9.6 billion or $3,338 per resident. Of course, in a world in which debt is “wealth”, this is great news… at least until debt becomes “bankruptcy.”
Ironically last year, now-retiring City Comptroller Amer Ahmad argued that the city’s debt load was not “troubling” because, “We still have a very strong bond rating. Our fiscal position is getting better every year and we are aggressively managing our liabilities and obligations” (very much awhat the ECB’s Mario Draghi tells the world when he gives the periodic monthly update of European capital markets during the central bank’s press conference). It is ironic because last week, Moody’s downgraded Chicago from Aa3 to A3 in an unprecedented three notch cut in the city’s bond rating, citing Chicago’s “very large and growing” pension liabilities, “significant” debt service payments, “unrelenting public safety demands” and historic reluctance to raise local taxes that has continued under Emanuel.
George Carlin sums it up best:
– Marching in Chicago: Resisting Rahm Emanuel’s Neoliberal Savagery (Truthout, May 24, 2013):
Across the globe, predatory capitalism spreads its gospel of power, greed, commodification, gentrification, and inequality. Through the combined forces of a market driven ideology, policy, and mode of governance, the apostles of free-market capitalism are doing their best to dismantle historically guaranteed social provisions provided by the welfare state, define the accumulation of capital as the only obligation of democracy, increase the role of corporate money in politics, wage an assault on unions, expand the military-security state, increase inequalities in wealth and income, foster the erosion of civil liberties, and undercut public faith in the defining institutions of democracy. As market mentalities and moralities tighten their grip on all aspects of society, democratic institutions and public spheres are being downsized, if not altogether disappearing. As these institutions vanish—from public schools to health care centers—there is also a serious erosion of the discourses of community, justice, equality, public values, and the common good. One does not have to look too far to see what happens in America’s neoliberal educational culture to see how ruthlessly the inequality of wealth, income, and power bears down on those young people and brave teachers who are struggling every day to save the schools, unions, and modes of pedagogy that offer hope at a time when schools have become just another commodity, students are reduced to clients or disposable populations, and teachers and their unions are demonized.
Chicago Mayor Rahm Emanuel’s current attempt to close down 54 public schools largely inhabited by poor minorities is one more example of a savage, racist neoliberal system at work that uses the politics of austerity and consolidation to further disenfranchise the unskilled young of the inner city. The hidden curriculum in this instance is not so invisible. Closing schools will result in massive layoffs, weakening the teachers unions. It will free up land that can be gentrified to attract middle class voters, and it will once again prove that poor minority students regardless of the hardships, if not danger, they will face as a result of such closings are viewed as disposable—human waste to be relegated to the zones of terminal exclusion. Not only are many teachers and parents concerned about displacing thousands of students to schools that do not offer any hope of educational improvement, but they are also concerned about the safety of the displaced children, many of whom “will have to walk through violent neighborhoods, and go to school with other students who are considered enemies.” Brian Sturgis, a Chicago high school senior and organizer with the group Chicago Students Organizing to Save our Schools declared in an op-ed that Chicago students are prepared to fight for their schools. He writes: