Tuesday, January 10, 2017

FAIRYLAND: Democrat Chicago And Democrat New York In Worst Financial Shape Among Large Cities

Shocker, not. They were surprised about New York. It had been doing fine til De Blasio took over. Shocker, not.
Excerpted From The Fiscal TimesChicago and New York rank at the bottom of a new analysis of fiscal strength based primarily on data from 2015 financial reports issued by the cities themselves. The analysis includes 116 U.S. cities with populations greater than 200,000. See the full rankings here.
Chicago’s position at the bottom of the ranking is no surprise to anyone who follows municipal finance. The Windy City has become a poster child for financial mismanagement, having suffered a series of ratings downgrades in recent years. Aside from having thin reserves and large volumes of outstanding debt, Chicago is notorious for its underfunded pension plans.
For example, the city’s Municipal Employees’ Annuity and Benefit Fund (MEABF) reported $4.7 billion in assets and $14.7 billion of actuarially accrued liabilities at the end of 2015, representing a funded ratio of just 33 percent. The actuarial calculations rely on a controversial practice of discounting future benefits at a rate of 7.5 percent, which is the assumed return on the fund’s portfolio return. If a more conservative assumption was employed, MEABF’s liabilities would be higher and its funded ratio lower. […]

29 comments:

Anonymous said...

GET READY WAGE AND PENSION CUTS ARE COMING!!

Anonymous said...

The machine gun was invented to deal with the commies. It is the only tool that works.

Anonymous said...

Just the site of this goofy family is more funny than the three stooges

Anonymous said...

Democrat=Financial collapse

Out of the car Motherfucker!! said...

You voted for it !!! ENJOY it!!

Anonymous said...

Got to admit, they're very very good at spending other people's money. And they are very poor stewards of the intelligent people's trust.

J.J.

Anonymous said...

Mrs. de Blasio pissed in Bill's lemonade a long time ago, like
When he still had his European-Germanic surname.
Courts can fix that, Bill, and make you sound like a fucking Dago
To score more votes. You can't fix genetics, so you got Nigger kids,
Asshole. When you are friends with Moses 9 1/2, your reputation takes a hit, too,
Cause Rahm is so close to Barry. Go into Starbucks and ask for an Al Pacino
High School Special: Expresso with whipped cream on top. Yummy.

Anonymous said...

They cut the police budgets and the crime rate goes up. They raise the taxes and industry and commerce move out. Why don't they try and reduce government & government spending and see if that works. Start by getting rid of 1/2 the aldermen and if it works, cut it in half again and that should help straighten out the economics of the city.
The assholes in the entire state have raised taxes and have not cut the deficit by one penny and are looking for more money. GET RID OF OVER REPRESENTATION AND "LARGE GOVERNMENT WASTE"!
Maybe the FBI could look at the law firms representing government in the state and what they are charging villages, townships, park districts, counties, and other government entities. If they were ships they would have holes worse than the titanic. Wonder why they are broke with all the frivolous, aw hell "BULLSHIT", legal work!

Anonymous said...

https://www.theburningplatform.com/2017/01/10/georgetown-professor-calls-for-whites-to-have-an-i-r-a-individual-reparations-account/#more-140565

Unbelievable.

Anonymous said...

Nine Niggers were sentenced to death for the harassment of
Dylann Roof in Charleston. Black judge, too. That's what Justice
Is about in America.

stash the polski guy said...

look on the bright side. if you don't like your current commircrat you can vote for your commiecrats opponent.

billery for NYC mayor woof woof!

Anonymous said...

Niggers your time is up ! You lazy fucks have to go to work now . There is no nigger to take care of you . But what kind of work can a nigger do ? Minimum wage jobs some thing a illegal can come in and not start shit like you will and keep the job !! Fuck you worthless negroes !

Anonymous said...

Hope you live in indiana change when you do

Anonymous said...

Anonymous said...
GET READY WAGE AND PENSION CUTS ARE COMING!!

January 10, 2017 at 6:59 PM

15% WAGE CUT AND 50% PENSION CUT FOR RESIDENCY LIFTED!

Anonymous said...

Big Bird and his Talkin Turds

Anonymous said...

Keep giving these lazy fuck Niggers and Spics all these free handouts and that's what happens. Three more months for me and I'm the fuck out of the piece of shit city and state. Adios mother fuckers

Anonymous said...

Backpage is shit down, now all you fucks can't find trans whores to bang.

Mr. SouthSide said...

I'm surprised Los Angeles isn't there also.

Anonymous said...

Now for the rest of the story....
The fact is that 90% of librat run cities are in the hole.
Plagued by White flight (taxpayers),
droves of illegals,
non-working welfare recipients (blacks),
failing infrastructures,
political corruption,
cronyism,
subsisting on federal grant monies,
higher than average crime/ murder rates.
And this is the short list.
Good job you total failures.

Anonymous said...

Scandals:

IRS targets Obama’s enemies

Benghazi

Spying on the AP

The ATF “Fast and Furious” scheme

Sebelius demands payment

The Pigford Agriculture Department Scandal

The General Services Administration Las Vegas Spending Spree.

Veterans Affairs in Disney World and neglecting vets

Solyndra

New Black Panthers Voter Intimidation

The hacking of Sharyl Attkisson’s computer

Obama’s LIES about the Affordable Care Act

“I’ll Pass My Own Laws”

NSA Spying on American People

Foreign Policy

Lack of solidarity with Israel

Disaster with the Arab Spring

Crimea

Leaving Iraq too soon and letting ISIS take over

Handling of Syrian Red Line

Calling ISIS “JV”

Failing to Recognize ISIS as a Radical (or Devout) Muslim Movement

Returning the bust of Churchill to the Brits

Lack of Confidence by NATO nations

Signing a Disastrous Nuclear Deal with the Mullahs of Ira

Paid $5 Billion & Released 5 Taliban Prisoners For Deserter Bergdahl

Waging war by attacking Libya without Congressional approval

Allowed the building of Chinese bases in the South China Sea and off the coast of Somalia at the entrance to the gulf of Aden

14. Paying ransom to Iranian for hostages- and using foreign currency in unmarked plane

15. Lying about paying ransom (which media ignored!)

16. Pays tribute to Japanese at Hiroshima on US Memorial Day

17. Obama trashed America 18 times on Asian Tour

Domestic Policy

Failure to secure the Border

Illegals bringing guns, drug and diseases through the southern border

Bowe Bergdahl swap

Passing on the keystone pipeline

9 Trillion dollars more in debt

Vast expansion of government

Racial Division at all-time high

Inviting Bomb Boy Ahmed to White House

Disrespect for Cops

Failed economic stimulus plan

Constant disregard for the Constitution and tyrannical rule

China overtook America as world’s largest economy

Double Downgrade

Housing policies failed to stop foreclosures

Price of healthcare has drastically risen for those purchasing it

Education policies failed to curb college costs

Highest percentage of Americans on Food Stamps and Medicaid

Record 92,898,000 Americans over 16 years not working

Lowest Labor Force participation rate of 62.7%

Denying the notion of American Exceptionalism

Securing the Olympics for Chicago in 2016

Naming numerous Communists/Socialists/Progressives to Czar Positions

Mismanagement and cover up of Terrorist shootings in San Bernardino, California

Mismanagement of Gulf Oil Spill

Disastrous Vetting Process of “Immigrants” from Muslim Nations

Refusing to Listen to CIA/FBI that there is no way to properly vet certain immigrants from Muslim nations

27. Fort Hood Shooting

28. Colorado EPA Disaster

29. Veto of 911 Crime Bill- which was overturned

30. Worst economic recovery since the depression with anemic GDP numbers

31. Over 94 million Americans out of the workforce

32. Solyndra

Anonymous said...

Democrat Paradises awash in welfare negroes, illegal spics & jihadist ragheads. What's not to love?

MEGYN KELLY IS A CUNT said...

The solution is obvious.
Get The Fuck Out!
NOW!
The longer you stay the longer you will be abused.

Anonymous said...

All this and Swillary wants to be mayor of that dump?
Even the jaded NYC'ers aren't that inept...or are they?

Anonymous said...

I'd bet that most cities that are floundering financially are run by Democrats.

Anonymous said...

Anonymous said...
Anonymous said...
GET READY WAGE AND PENSION CUTS ARE COMING!!

January 10, 2017 at 6:59 PM

15% WAGE CUT AND 50% PENSION CUT FOR RESIDENCY LIFTED!

January 11, 2017 at 12:11 AM

and no yearly COLAS!!!!

Anonymous said...

That cunt Clinton wants to be mayor if New York .

Anonymous said...

we believe they tried with the pensions but overturned by illinois supreme court as almost sacred obligation to retirees going back to the late 1800s,nice try jew boy,

Anonymous said...

Golf Tango Foxtrot Oscar

Anonymous said...

Motherfuck Obama. He is a Nigger boy cold blooded killer!