Thursday, September 22, 2011

Barker's Newsbites: Thursday, September 22, 2011


As Obama and Bernanke lead the country to ruin...

(Folks... read newsbites #3 and #4 and explain to me why I'm wrong if you believe I'm wrong.)
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4 comments:

William R. Barker said...

http://www.stimson.org/summaries/a-leaner-and-meaner-defense/

* ANYONE INTERESTED IN DEFENSE ISSUES SHOULD TAKE A FEW MOMENTS TO READ THIS ESSAY.

* HAT TIP: MIKE D.

September 22, 2011 at 9:50 AM
William R. Barker said...

http://www.bloomberg.com/news/2011-09-22/initial-jobless-claims-in-u-s-fell-9-000-last-week-to-423-000.html

More Americans than forecast filed first-time claims for unemployment insurance payments last week...

* DO I REALLY HAVE TO SAY IT, FOLKS?

(*SNORT*)

September 22, 2011 at 10:24 AM
William R. Barker said...

* TWO-PARTER... (Part 1 of 2)

http://www.chicagotribune.com/news/local/ct-met-pensions-gannon-20110922,0,7122890,full.story

[F]or former labor leader Dennis Gannon, the keys to securing a public pension were one day on the city payroll and some help from the Daley administration.

* SING IT WITH ME, FOLKS... "CHICAGO! CHICAGO! THAT TODDLING TOWN...!"

And his city pension is more than modest. It's the highest of any retired union leader: $158,000.

(*SARCASTIC CLAP-CLAP-CLAP*)

* YEP... AS ALWAYS... ORGANIZED LABOR AND THE DEMOCRATIC PARTY... WORKING FOR... er... "THE PEOPLE." (YEAH... THAT'S IT... "THE PEOPLE.")

In fact, his pension is so high that it exceeds federal limits and required the city pension fund to file special paperwork with the Internal Revenue Service to give it to him.

(*SNORT*)

Gannon's inflated pension is a prime example of how government officials and labor leaders have manipulated city pension funds at the expense of union workers and taxpayers. Like other labor leaders, he was able to take a long leave from a city job to work for a union and then receive a city pension based on a high union salary.

* FOLKS... THESE BASTARDS SHOULD BE SHOT DOWN LIKE RABID DOGS.

But in a new twist, a Tribune/WGN-TV investigation has found that Gannon is eligible for the lucrative pension deal only because City Hall rehired the former Streets and Sanitation Department worker for a single day in 1994, then granted him an indefinite leave of absence.

* AGAIN... UNLESS YOU (LITERALLY!) KILL THESE BASTARDS THEY'RE NEVER GONNA STOP ROBBING YOU BLIND.

* To be continued...

September 22, 2011 at 10:41 AM
William R. Barker said...

* CONCLUDING... (Part 2 of 2)

State law allowed Gannon to retire from the city in 2004, the year he turned 50; since then, he has received about $1 million from his city pension. He stands to collect approximately $5 million during his lifetime, according to an analysis based on the fund's actuarial assumptions.

Until last year, that pension came on top of Gannon's union salary, which had grown to more than $240,000. He now draws the pension while working for a hedge fund, Grosvenor Capital Management, that does work with public pensions, including the Teachers Retirement System of Illinois.

The firm also was one of Mayor Rahm Emanuel's largest campaign contributors.

* FORMER OBAMA CHIEF OF STAFF RAHM EMANUEL... (*SMIRK*)

* HEY, ROB D. - ASSUMING YOU'RE STILL LURKING... NICE, HUH?! HOPE... CHANGE... YEAH... RIGHT...

Terrance Stefanski, who oversees the city's municipal pension fund, confirmed that the city helped Gannon qualify for an inflated pension by hiring him for a day.

* AGAIN, FOLKS... (*PAUSE*)... LITERALLY... VIOLENCE IS THE ONLY ANSWER.

Gannon's inflated city pension is one of at least 23 handed out to union leaders who have retired from the city, records uncovered by the Tribune and WGN-TV show. The joint investigation revealed Wednesday how the legislation that created the pension perk for union leaders found its way in to the state statutes with no transparency or accountability.

* MAY GOD STRIKE DEAD EACH AND EVERY ONE OF THESE THIEVING BASTARDS...!!!

Gov. Jim Thompson had signed into law the pension code changes that would allow Gannon's city pension to be based on his salary as a union official.

* A CROOKED RINO POLITICIAN WHOM I HOPE AND PRAY A PAINFUL DEATH FOR SOME DAY SOON...

* FOLKS... SERIOUSLY... KEEP READING!

Gannon could have stayed on a leave of absence indefinitely because no one from Streets and San filled in an expiration date on the form. Then, on Oct. 12, 1993, he resigned from his city post and received a refund of the contributions he had made to the municipal pension fund, records show.

With that action, Gannon lost his eligibility to land an inflated city pension.

But on June 20, 1994, Streets and San rehired Gannon to his old job. It didn't last long. The very next day, he was granted a leave of absence to work for Local 150, even though records show that Gannon never left his union job in the first place.

(*SNORT*)

* FOLKS... WHEN THE GAME IS RIGGED TO THIS EXTENT VIOLENCE IS THE ONLY ANSWER.

September 22, 2011 at 10:41 AM

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