Showing posts with label Public Pension Funds. Show all posts
Showing posts with label Public Pension Funds. Show all posts

Friday, May 19, 2023

Grift first, Americans second


Republicans = Nazis

Peace,
emaycee
 

Saturday, January 11, 2014

Throwing shadows on our eyes

It's not hard to see why Americans are so cynical about our political process and why so many have given up completely.  I came across this Matt Taibbi piece on how Wall Street has fleeced policemen, firefighters, and teachers out of their pensions, and it helps to highlight why people feel so helpless.  Imagine working your whole life--giving up pay now for a few (and few is the correct word) more dollars in your retirement only to see it taken away because you have to pay for the sins of Wall Street (see also, The Great Recession).  It seems the lords of the manor won't be happy until they have it all. And it doesn't help that far too many of our elected representatives are the best money can buy.

Unfortunately for Wall Street, as some of our wealthy elites have seemed to notice, not everybody is ready to take the last train home.  Some of the lords are even a wee bit familiar with income inequality's outcome in the French Revolution.

Some people, when they can't feed themselves or even worse, their kids, get pissed off.  And pissed off people are a lot harder to control than those who have thrown in the towel.

Just ask King Louis XVI and Marie Antoinette.

Peace,
emaycee



Friday, August 9, 2013

We are many

"Ye are many--they are few."  Percy Bysshe Shelley, "The Mask of Anarchy"

Shelley wrote the above words in a fit of pique over the Peterloo Massacre in Manchester, England in 1819.  Sixty to eighty thousand people had gathered to protest their representation in the face of high unemployment and rates of poverty (sound familiar?)--government forces charged the crowd, killing 15 and wounding several hundred.  Shelley wrote the poem as a call to non-violent action, and the poem was known to have influenced Thoreau's Civil Disobedience as well as being quoted by Gandhi in his speeches.  Shelley, it should be noted, was quite wealthy, which might explain his use of "ye" rather than "we".

I waited a couple of days to write this post, because after reading this piece about Ty Fahner, former Attorney General of Illinois and all around asshole, speaking at a meeting of the Union (their use of the word "union' made me want to take a shower to clean this shit out of my eyes) League Club of Chicago I was angry.  Like Charlie Sheen in Platoon angry--"...we need to frag his fucking ass!"  Time has not cooled the anger.

Briefly, Fahner spoke of sabotaging the state of Illinois by whispering in the ears of ratings agencies (Moody's, Standard and Poor's) to downgrade the state's ratings, which in turn drives down bond rates, which are often bought by pension funds, and in the end, leaving funding for pensioners well short (we're talking police, firefighters, and teachers--as the piece notes, we're also talking roughly $32,000 a year, and they do not collect social security in addition to that).

Now one assumes, that should Mr. Fahner find himself facing the gun of a criminal, that should the police be called, that he would expect the police officer to risk his life in an attempt to save Mr. Fahner.  One would assume likewise of a fireman should Mr. Fahner find himself stuck in his burning home.  One would also assume that since not all of us can afford to send our kids to private schools, and that since there are not nearly enough children of the wealthy to supply all the doctors, auto mechanics, clerks, or store mangers that our society requires, with that education provided specifically by teachers, that Mr. Fahner, like the rest of us, gets his money's worth on that one, too.

The social contract we have with all of the above is that for firefighers and policemen, they risk their lives for a small wage, but in return they can retire after 20 years with a decent pension.  Likewise, with teachers, the idea is that they take less than they can make in the private sector, but catch up (modestly) on the back end of their lives.

What it is, is that psychopaths like Mr. Fahner want the services provided by public employees, but they just don't want to pay for them.  They just want ordinary Americans to pay for them, so that he and people of his ilk get richer and richer, while the rest of us live in a state of perpetual poverty like the peons of old.  Mr. Fahner and his ilk are the moneyed elite--they deserve it, but we pissants have to earn it.

My first question would be: how much better can mother fuckers like Mr. Fahner eat?

My second question is:  how much longer are we going to put up with this shit?

Non-violent protest will only take you so far, and while reasoning may have worked with the moderate middle for Gandhi and Martin Luther King, Jr., it's not  a tactic that will work with members of the radical right (which today is the vast majority of the republican party) who think reasoning is for pussies.

There are two ways to deal with psychopaths--you either put them in jail until they die or you kill them.

It's as simple as that.

Peace,
emaycee

Tuesday, July 30, 2013

Horseshit town, USA

Any notion that the bankruptcy filing for the city of Detroit was anything more than an assault on unions and another in a long line of republican attempts to make the poor suffer even more at the expense of the rich was put to rest this week when it was announced that the city of Detroit, the completely broke, can't turn on the street lights city of Detroit, has plans to build a new half-billion dollar stadium for the Detroit Red Wings.

I know Detroit is Hockeytown, USA, but to use an example idiot republicans are wont to use, if my family was filing for bankruptcy, season tickets for the upcoming Red Wings season wouldn't and shouldn't be a priority, and getting emergency manager Kevyn Orr to approve this utter boondoggle isn't either.

The bankruptcy of Detroit is just another attempt by republicans further Michigan's descent into the state of shitholes like Alabama or Mississippi.  Democrats need to fight them every step of the way or begin prepping our citizens to say, "Y'all want moldy fries with that?"

Peace,
emaycee

Friday, July 19, 2013

Hallelujah, I love her so

The bankruptcy of the city of Detroit took another turn today as Justice Rosemarie Aquilina ruled the bankruptcy unconstitutional under Michigan law.  It leaves everything up in the air, as some are not sure Justice Aquilina has the standing to rule on the case, and also because Gov. Gutless, Rick Snyder, may refuse to comply with the ruling. 

After my rant from yesterday, I should note that there are those on the progressive side who believe a bankruptcy filing may be better than an unfettered and undemocratic emergency manager calling the shots, as the judge does not have the power to removed elected officials or tear up union contracts.

Time will tell, but as more details are released (Snyder has actually been preparing for the bankruptcy for some time, Snyder is doing is usual whining about unions, Snyder is promising his actions will be better for creating jobs, Kevyn Orr's former law firm is handling the bankruptcy for the city, Andy Dillon, the State Treasurer, who is a LieberDem is leading the charge) the doubts I voiced yesterday about Snyder's character (he's a fucking liar, typical dishonest businessman who'd cut his mother's heart out to make another nickel) and actions have only grown stronger.

One of my favorite Michigan politicians, Gretchen Whitmer(State Senate Minority Leader), today sent out an e-mail that said that all Michiganders should stick together and that we were all Detroiters, now.  No, Sen. Whitmer, all Michiganders are not Detroiters, now--only we Liberals are, because we're the only ones who give a damn about the people who actually live there.

Ally with the whining Governor Gutless and his cronies at your own risk.

Peace,
emaycee

Thursday, June 20, 2013

Detroit Crock City

Any impression that Michigan's Governor Rick Snyder is anything more than a weak corporate hack have been completely put to rest with the actions of Kevyn Orr, the Emergency Manager he appointed to oversee the city of Detroit's fiscal mess.  Seems Orr, after threatening to sell off the Detroit Institute of the Arts artworks (the last thing that needs to be done is give people one less reason to go to Detroit--sports teams and gambling are about the only reason most folks go to the city as is), is threatening to take the city into bankruptcy.

And why would he do that?  Wouldn't have anything to do with the fact that it will allow him to do an end around on the city's public unions, who otherwise would have to approve the cuts to their pensions (which were promised and earned), and at the same time, pay back the financial firms that stand to lose billions because, basically, they made a bad bet on the city turning itself around, now would it?

How much longer do these people think we're going to watch our government fork over our money to banks and financial firms while they take even more of ours away before all hell breaks loose?

Detroit, with its proud history of standing up for the working rights of America's poor and middle class, would be a fine place to start unleashing the hounds of hell.

Peace,
emaycee