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Fed Wants To ‘Raise Property Taxes’ To Solve Illinois Pension Crisis

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The Federal Reserve Bank in Chicago wants to correct the state’s ailing pension crisis with… you guessed it, raising property taxes. As already one of the most taxed states in the nation, this is not only insane, but very detrimental to the existing economy. Already Illinois has had been close if not leading the charge in most people leaving the state. The Republican Governor seems to be completely disregarding what his base wants, which is a massive push back to the public sector’s massive raising pensions.

Zerohedge Reports: Homeowners with houses worth $250,000 would pay an additional $2,500 per year in property taxes, those with homes worth $500,000 would pay an additional $5,000, and those with homes worth $1 million would pay an additional $10,000.

Is the Chicago Fed blind to human consequences? Confiscatory property tax rates have already robbed hundreds of thousands, maybe millions, of Illinois families of their home equity — probably the lion’s share of whatever wealth they had.

Property taxes in many Illinois communities already exceed 3%, 4% and even 5% of home values. Across Illinois, the average is a sky-high 2.67 percent, the highest in the nation.
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Economy

Illinois Pension System Indebted $11,000 Per Resident

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Zerohedge Reports: For those unfamiliar, here’s a quick recap: Illinois (rate just one notch above junk) is drowning under a mountain of debt, unpaid bills and underfunded pension liabilities and it’s largest city, Chicago, is suffering from a staggering outbreak of violent crime not seen since gang wars engulfed major cities from LA to New York in the mid-90’s, while rising taxes have prompted a mass exodus with the state lost 1 resident every 4.3 minutes in 2017.

The state’s horrendous mismanagement has left each man, woman and child of Illinois with nearly $11,000 in debt.

“Illinois failure to address its pension crisis has resulted in further deterioration of the state and cities’ financial condition, exorbitantly high borrowing costs, and an inability to address other critical needs at the state and local level,” said Laurence Msall, president of Chicago nonprofit – the Civic Federation, which tracks state and municipal finances. “Time is not your friend when your liabilities are compounding and your revenues are not.”

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Economy

US Chamber of Commerce: From Free Enterprise to Human Trafficking

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Conservative Republicans, hoping to mirror President Donald J. Trump’s victories,  are rejecting the endorsement of the historically conservative US Chamber of Commerce, while the Chamber, in desperate need to push their progressive immigration policies, offers their money to more progressive candidates.

The US Chamber of Commerce is almost all the way out of the closet in their campaign to change the American culture and workforce and is flirting with the agenda of supporting outright Human Trafficking.

“The Chamber has an endorsement that should kill a Republican candidacy. But for Senator Cindy Hyde-Smith it makes perfect sense: Being the lifelong Democrat that she was before her “conversion” to the GOP for opportunistic electoral reasons, and her very liberal voting record, she is a perfect fit for the US Chamber of Commerce,” according to the Mississippi Conservative Daily.

Democrat cum Establishment Senator Hyde-Smith accepts Chamber Money

In THIS  article, the Mississippi Daily said, ” The Chamber is particularly aggressive on immigration, one of the biggest issues of our time. In fact, they have sided with one of the largest unions, the AFL-CIO, and the ACLU to block the enforcement of the nation’s immigration laws.”

13 Republicans say NO to Chamber Money

For all of these reasons, conservatives rooted in Free Enterprise and Republicans do not support the Chamber and do not want their endorsement.

In the race to replace Trey Gowdy in South Carolina, all 13 Republican candidates have rejected the Chamber and their views.

But not in Mississippi with Senator Cindy Hyde-Smith. She has accepted their endorsement and supports all of their issues, readily taking their help against McDaniel, who does not support any of their issues, and for that reason, the Chamber hates him with a burning passion.”

Conservative Republicans reject Chamber endorsement

From this article in the Post and Courrier,”All thirteen Republican candidates running to replace Congressman Trey Gowdy said they would refuse to accept money or an endorsement from the U.S. Chamber of Commerce.”

“The unanimous distancing from the chamber in South Carolina’s conservative 4th Congressional District served as a notable rebuke to a group that has traditionally been considered one of the leading power players in GOP politics.

The remarks further demonstrate just how far Republican candidates — particularly in a crowded GOP primary to succeed Gowdy — are going to embrace the anti-establishment approach embodied by President Donald Trump.

On the campaign trail, Trump lambasted the U.S. Chamber as “totally controlled by the special interest groups” and part of the Washington swamp that he vowed to drain. The chamber particularly drew Trump’s ire by criticizing his protectionist trade policies, which it has continued to do since he entered the White House.”

What Happened?

Not Your Grandpa’s Chamber of Commerce or Spirit of Enterprise. President Reagan was very fond of the US Chamber. Now they are more interested in social justice,  forcing illegal immigration on Americans, and oragainzing against Trump’s 2020 run.

Watch what the Chamber use to be with Regan, below he talks about decreasing unemployment in minority American communities, which was a goal at time for the Chamber.

“A rising tide lifts all boats,” President Ronald M. Reagan. He meant American boats.

On the occasion of the 70th anniversary of the founding of the Chamber of Commerce Reagan said:

“Great organizations don’t just happen; they’re built by strong leaders with vision and determination to reach a greater good. Back in 1975, such a leader arrived at the National Chamber. He came with a sense of history, an understanding of the economy, a belief in America and her future and, with his new staff, worked out your statement of mission: “To advance human progress through an economic, political, and social system based on individual freedom, incentive, initiative, opportunity, and responsibility.”

A once proud and noble organization:

UNDER OBAMA , GUEST WORKERS WANT JOBS- FORGOTTEN AMERICANS FORCED TO TRAIN THEM :

How did the Chamber go from protecting  American Free Enterprise to protecting the rights of corporations to hire “Guest Workers” or give out Amnesty?

ORGINS: The case of the mysterious “Labor Shortage”

WITNESS, Professor Harry J. Holzer, author of Reshaping the American Work Force, who cites in his work  in this 2006 report by the US Chamber of Commerce, on CSPAN program, forcing Guest Workers on the Forgotten American, by any means necessary:

TRANSCRIPT:

At 9:17 -caller that represented many Conservatives at the time: “We give Visas and import people. What about American workers? People overstay their Visas. Nobody is looking.  Guest Workers are used as contract workers. Who pays for the healthcare of these Guest workers? Lets call it what it is: cheap labor. I am so sick of it. ”

Response from Holzer- “We need skilled labor, we have a shortage, and I acknowledge that it is not good for the American worker.  I support making Guest Workers full citizens with benefits.”‘

Caller at 17:27 (In tears), “I had to train an illegal, I have been fired.  I am an American citizen with kids!  Why is this happening?”

Response from Holzer, “We need to make these illegals legal so employees can not undercut American workers.”

WATCH FULL VIDEO

The Chamber of Commerce report helped Georgetown Professor Holzer cement his ideas and project into the immigration debate a mythical “Labor Shortage” as early as 2006.

According to the State of American Business Report of 2006:

“Companies face restrictive immigration and visa policies, along with inadequate education and training, have tightened the supply of qualified workers. Rising anti-trade sentiments threaten the openness of our markets,” wrote the US Chamber of Commerce.

(The Official Company line aids Quest Workers- steals Citizenship Rights)

“The Chamber’s 2006 agenda is built around creating a more competitive American economy. It begins with a clear-eyed recognition that America’s place in the world is not a birthright. It has never been. It was earned through the hard work, sacrifice, risk-taking, and inventiveness of our people and our businesses. Only by fully tapping those great American qualities—through policies that reward and encourage them rather than punish and smother them—will our global leadership continue into the 21st century and beyond,” said Thomas J. Donohue, President and CEO U.S. Chamber of Commerce,” the Chamber wrote.

Unemployment for US Citizens

Yet somehow America last movement of the Chamber powers caused massive unemployment in the US for American workers and encouraged policies that caused part-time work, rising student debt, deficit entitlement spending and increased dependency for “Native Workers” on socialized Medicine and food stamps.  Now we have a mess.

What Happened to the US Commerce’s promise to hire Americans First?

According to Chamber Watch, a citizen watchdog group, the Chamber’s political spending is out of control and they are involved with money laundering.

“The U.S. Chamber of Commerce is by far the largest lobbying group in the U.S., having spent almost $1.4 billion on lobbying the federal government in the last two decades, more than three times as much as the next largest spender,” wrote Chamber Watch.

What people were saying: Free Fall From Free Enterprise:

2009

2010

2013

2014

2015

2016

2018

LAWSUITS

In 2013 there were lawsuits against Karl Rove for exploiting the IRS which angered Tea Party activists who had themselves been targeted by the IRS.

Article here

“An IRS whistleblower lawsuit that attempts to finger an overseas non-profit affiliated with the U.S. Chamber of Commerce as a dark money conduit that put tens of millions into Karl Rove’s hands during the 2010 elections may soon die in an obscure federal court – unless the judge allows evidence-gathering over the IRS’s objections.”

Robert Jacobson, a Tuscon, Arizona physician who brought the lawsuit worth reading about, HERE  about the 2010 Shanghai Expo in China which had another purpose for the Chamber – diverting large slices of the $70-plus million in donations to Rove for campaigns to retake the House.

“The idea was that money from GOP-friendly corporations and even the Chinese government would evade oversight by flowing through barely regulated nonprofits,” according to the article.

Read more about UnMasking Karl Rove 

The Chamber made strives in strategy to push their candidates. According to this,  2014 Bloomberg article, the Chamber was aligned with Rove the Koch Brothers to beat Democrats.

What they found was that it also worked hard against American small business advocates and Economic Nationalists.

The Koch Brothers were advocates for Guest Workers, by any means necessary, even when Americans begged for work. This is unpopular with the American voter.

2010 and 2014 were years of the Conservative/ Tea Party revolts against the Chamber of Commerce’s push for government to focus on a Global Workforce, a Global economy and Global values, which is exactly what would propel outsider Donald J. Trump to victory in 2016 but without the Chamber of Commerce’s endorsement or support.

BIRTH OF THE NEVER TRUMP MOVEMENT

The Chamber of Commerce and it’s allies were part of a network commonly known as “Never Trumpers” and they were partly responsible for inaccurate polling in the Media that gave  former Secretary of State, Hillary R.Clinton a favorability rating that did not translate with Trump’s internal polling, or with  Conservatives or Tea Party voters on Social Media.

Fight Over Climate Change

In 2010 the CEO of the Chamber worked with Former Secretary John F. Kerry to draft legislation to address Kerry’s climate change agenda.

Fight over NAFTA

U.S. Chamber of Commerce President Tom Donohue Rages: President Trump is Existential Threat to NAFTA…

“95% of the people we want to sell things to are outside of America.  I am all for this improving America, but we need to sell things,” said Tom Donohue.  “If we quit NAFTA like Trump wants, we will lose 1.3 trillion of dollars, and what we want are supportive governments.”

Even when Open borders means human trafficking, drug trafficking and other crimes. Even when there is growing  voter resentment over guest workers, unemployment and about the cost of illegal immigration on the American taxpayer, the Chamber of Commerce does persist:

The Fight over DACA and Illegal Immigration:

The Fight over Infrastructure- that is a lot of Jobs:

In this 2016 report, the Chamber of Commerce along with the Union Labor talk about Infrastructure:

Our infrastructure investment gap if left unchecked will, by 2025, deprive workers of 2.5 million jobs, cost our businesses $7 trillion dollars and take nearly $4 trillion out of our economy.

We know how we got here, and we know how to fix it.

Inaction is a curse. Investment is a blessing. We represent well-trained, highly-skilled workers across America who are ready to get to work.

As we invest the $4 trillion we need to fix America’s infrastructure, we will create millions of good-paying, family-sustaining jobs. This will lower unemployment, raise wages and give our economy the kick-start it needs,” said the Chamber of Commerce

The Fight remains the same: Should Guest Workers, DACA recipients, or Native Workers get 4 trillion dollars in Jobs?

Trump focuses on American jobs and minority unemployment, bringing those numbers to historic lows, believing that high employment rates for “Native Workers” will create a new peace for Americans and their families.

The fight over International Globalism, focus on foreign markets versus American Free Enterprise and Economic Nationalism.

Strange bedfellows out of bed: Shift from 2013 to 2016 in Union Labor Groups

AFL-CIO, Chamber of Commerce lay out initial principles for guest worker program

Agreeing to put Americans first in 2013 has come into play in 2016:

“For years, we have called attention to the predatory practices of some steel exporting countries. Such practices hurt working people and cheat companies that produce in the U.S. We applaud the administration’s efforts today to fix this problem,” AFL-CIO President Richard Trumka said in a statement.

“Jobs, Jobs, Jobs, ” President Donald J. Trump

(What is at stake? Trillions of dollars. As in 12 zeros.)

Who should benefit?  Who should get the jobs, Native Born Workers or Guest Workers?

BUILDING AMERICA’S INFRASTRUCTURE:

Trump released his legislative goals to rebuild our Nation’s crumbling infrastructure. The six principles include:

 $200 billion in Federal funds to spur at least $1.5 trillion in infrastructure investments with partners at the State, local, Tribal, and private level.
 New investments will be made in rural America, which has been left behind for too long.
 Decision making authority will be returned to State and local governments.
 Regulatory barriers that needlessly get in the way of infrastructure projects will be removed.
 Permitting for infrastructure projects will be streamlined and shortened.
 America’s workforce will be supported and strengthened.

TRUMP’S CRACKDOWN ON CORRUPTION SWEEPS UP CHAMBER’S FAVORITE POLICIES

Open Borders And Lax Immigration that cause problems in six U.S. temporary visas commonly associated with labor exploitation and trafficking  A-3, B-1, G-5, H-2A, H-2B and J-1 visa:

Human Trafficking 

Human Trafficking

Human Trafficking

Human Trafficking

Drug Trafficking

Economic Espionage

AT ODDS:

Trump’s push to End of Human Trafficking

EO to End Human Rights Abuses

With

Chamber of Commerce push for E-2 Visas

Chamber of Commerce push H-2 Visas

Chamber of Commerce push Visas for Small Business

SOCIAL JUSTICE WARRIORS

The US Chamber of Commerce, through the passion of GOP strategist Karl Rove became Globalism and Crony Capitalism and refused to hear the forgotten men and women of America who demand reduced unemployment and taxes to “Native Workers”.

The Chamber does not reflect American values that motivate American exceptionalism, or the Spirit of America.  They couldn’t know if they tried, because they admit they are focusing outwardly.

That is the struggle for 2018 and 2020. The “Deep State” is not just about cloak and dagger FBI and DOJ stories.  The “Deep State” is very much a takeover of our American Institutions in favor of a Bigger Pot of Gold called: Globalism.

“With a global network of over 6 million members in more than 100 countries, we work to promote international trade, responsible business conduct and a global approach to regulation through our unique mix of advocacy and standard-setting activities– together with market leading dispute resolution services,” according to the mission statement of the International Chamber of Commerce.

Enter  the New Boss, different from the Old Boss:

Wilbur Ross Secretary of Commence said, “NAFTA has been a very unfair deal for the United States.”

“We want good sales for American companies. We have an overall trade deficit with Canada- but the bigger problem is the Mexican side,” Ross said.

Revolution in Commerce-History may be about to repeat itself

Witness- the restoration of Populism and Economic Nationalism, but will the Chamber of Commerce follow the Department of Commerce for a spin of the Trillion Dollar Dance Card, or will the Never Trumpers get a new administration in 2020?

2018 will lay a foundation.  President Trump and his administration hope voters will remember the good old days, when “American First” meant something:

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Drugs

Trump: Making prescription medicines affordable again-Takes on Big Pharma

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Friday, after a whirlwind week of freeing hostages from abusive foreign regimes, ending President Barack H. Obama’s abusive agreement with Iran, and traveling to Indiana to give a rally to a massive enthusiastic crowd, this servant leader announced he would take on pharmaceutical companies to lower the cost of medicines to Americans.

“This administration is launching the most sweeping action in history to lower the cost of drugs for Americans,” said Donald J. Trump, President of the United States from the Historic Rose Garden at the White House.

“We are increasing competition so drugs can get to the marketplaces cheaper and quicker – the middlemen got rich.  We never figured out who those rich people were, but they won’t  be rich anymore,” said Trump

“One of the biggest tangled webs the Drug lobbyists getting rich- they spent 280 Million on lobbying to keep prices artificially high.  Everyone involved in this broke system, including the government.  Leaders turn a blind eye to the unfair treatment of Americans,” he said.

American Patients First. 

“This administration will put American patients first.  I want reforms to bring the cost back to earth.  Obamacare policies that keep prices artificially high. Medicare part D need to keep prices low.  No more double-dealing. Working on the Patent system. FDA to speed up over the counter competitions.  WOrking on costs oForeignin Research and Development. No more global freeloading.  America will not be cheated any longer. We are going to see prices go down,” Trump said.

WATCH:

In the Rose Garden address Trump said, “In some cases, medicine that costs a few dollars in a foreign country costs hundreds of dollars in America for the same pill, with the same ingredients, in the same package, made in the same plant. That is unacceptable.”

Fox News Reported, that top officials at the Department of Health and Human Services also focused on the imbalance between drug prices at home and overseas, writing in a Fox News op-ed that “foreign countries and their government-run health-care systems bully our drug manufacturers into unrealistically low prices, allowing other countries to freeload off of American innovation.”

“Americans should be able to reap the rewards of living in the country that has brought the world more new drugs than any other,” wrote HHS Secretary Alex Azar, Food and Drug Administration Commissioner Scott Gottlieb and Centers for Medicare & Medicaid Services Administrator Seema Verma.

BOUGHT AND PAID FOR, NEED TO GO HOME :

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