Why Chicago Doesn’t Have Enough Money For It’s Schools.

Why Chicago Doesn’t Have Enough Money For It’s Schools.

Good corporate drone Democrat that he is, Mayor Rahm Emmanel of Chicago decided to redistribute income from the citizens of Chicago to the rich folks of the Chicago Mercantile Exchange. That’s what really occurred. He stole money from working people and the children of Chicago and gave it to his rich buddies.

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Occupy Movement to March On Chicago May 1st

50,000 occupiers from all over the world will be converging on Chicago May 1. “The world’s military and political elites, heads of state, 7,500 officials from 80 nations, and more than 2,500 journalists will be there for a rare G8 and NATO simultaneous summit.” They will come with an eye toward planning how to redistribute more income and wealth from working people all over the world to the one percent. It’s that simple. That’s the plan, regardless of how their spokespeople paint the issue. And that’s why Occupy will be in Chicago for a month.

50,000 Occupiers to Occupy Chicago on May 1, 2012

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Seniors block busy Chicago street to protest cuts to Social Security and social programs, despite a $2.6 Trillion Social Security Surplus

Chicago police on Monday issued citations to 43 senior citizens and their supporters who linked arms to block an intersection near the city’s financial district.

The action was part of a protest against proposed cuts to Social Security, Medicare and other benefits.

The Jane Addams Senior Caucus (JASC), their supporters and “Occupy Chicago” began the demonstration with a rally outside the office of Illinois Sens. Mark Kirk (R) and Dick Durbin (D). The group, which organizers claimed was nearly 1,500-strong, then marched to the Federal Plaza.

Traffic at the intersection of Jackson Boulevard and Clark Street was blocked for about an hour, according to the Chicago Tribune.

“At every level of society, Americans are under attack,” said Karen Bocker, an “Occupy Chicago” participant and grandmother of four.

“When the economy tanks, social programs are cut, not corporate tax breaks. We are under attack, and frankly, I’m tired of it. The very people who are hurt most from cuts to social services – services that our tax money are supposed to guarantee – are those who can least afford it.”

The protesters were joined by Durbin, and Reps. Jan Schakowsky (D), Danny Davis (D), and Mike Quigley (D) in the morning.

Think about this fact. The Social Security Trust Fund has a $2.6 Trillion surplus. The federal government has borrowed it by selling the trust fund treasury bills. The trust fund is earning about $118 billion dollars a year from its investment in those treasury bills. So what’s the problem? The answer is the Bush tax cuts for the rich. At some point the federal government is going to have to pay back the trust fund to the tune of $2.6 Trillion. That might mean raising taxes on the rich, or letting the Bush tax cuts expire. In other words, the Bush tax cuts for the rich forced the government to borrow a shit load of money from the Social Security Trust Fund. Rather than raise taxes on the rich by letting the Bush tax cuts expire, President Obama and his Corporate Cronies in Congress have decided to cut Social Security payments to impoverished seniors. In other words, cuts in social security are being used to redistribute income from impoverished seniors to the rich. Thank you President Obama!

Watch video, courtesy of independent YouTube reporter John Sheehan, below:

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