Detroit Pension Looting, part 1

The Looting of Detroit’s Pensions — The American Magazine: ".... consider a Detroit city employee who retired after a full career of 35 years on the job. He would receive a traditional “defined benefit” pension of around two-thirds his final salary. Adding Social Security benefits, that Detroit worker could retire at around 95 percent of his prior earnings. This is a better pension than most Americans will receive and more than adequate by financial advisors’ standards. While private sector workers must finance most of their retirement, and the average state or local government employee contributes around 6 percent of pay toward his pension, Detroit workers contributed nothing to the GRS. And Detroit workers got this pension on the cheap: while private sector workers must finance most of their retirement, and the average state or local government employee contributes around 6 percent of pay toward his pension, Detroit workers contributed nothing to the GRS...."

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Dashcam Video Saves Man From False Police Charges

Police Dashcam Video Saves N.J. Man From False Charges - Business Insider: ".... Describing the incident, Jeter told ABC he was afraid he might have been shot if he got out. Later in the video, another police car joins the scene — actually smashing into the front of his vehicle. In that second dashcam video, an officer smashes the driver's side window glass and punches him in the face while telling him to "stop resisting" and "stop trying to take my gun." While all charges were dropped against Jeter, two officers were indicted for falsifying reports...." (read more at the link above)

Dirty Cops, Hogs at the Trough

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Illinois Employment Collapse, Unemployment Rate, Collective Bargaining, Right to Work Laws

Mish's Global Economic Trend Analysis: Close-Up Look at Illinois' Unemployment Rate, Collective Bargaining, and Right to Work Laws; Illinois Employment Collapse: "Close-Up Look at Illinois' Unemployment Rate, Collective Bargaining, and Right to Work Laws; Illinois Employment Collapse" (read more at the link above)

Illinois is a basket case-- a prime example of crony capitalism, Democrats, Public Unions, hogs feeding at the trough.

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Red-Light Cameras Money Grab

“All it is is a money grab,” said Joe Brazil, a St. Charles County, Missouri, councilman jailed last year for failing to pay a $100 fine in the St. Louis suburb of St. Peters. “It’s almost like racketeering. It’s not about safety.” (source infra)

Red-Light Cameras Click Less as Cities Get Orwell Off Road - Bloomberg: "...“On a gut level they are fundamentally abhorrent,” he said. “It’s a system being abused.” A Missouri Court of Appeals judge ruled last December the law’s “primary and fundamental purpose” was profit. Several St. Louis area suburbs suspended their camera programs until legal issues are settled. Although St. Louis obtained a stay of the circuit court order, fines are being placed in an escrow account until the state’s highest court rules...."

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Democrats and Republicans, Disgusting

Mish's Global Economic Trend Analysis: Disgusting Compromise on $956B Farm Bill; In Spite of Massive Howls, No Actual Cuts in Food Stamps: "Republicans and Democrats alike should both be ashamed, not only for doing virtually nothing, but also for howling at the moon as if they did." (read more at link above)

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