Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Dark n Stormy Knight

(10,484 posts)
25. Barrels of money went to Schilling while the politicians introduced plans to cut pensions of
Mon Mar 9, 2015, 02:26 PM
Mar 2015

public workers.

Not surprisingly, Schilling happily accepted the sweetheart deal, Rhode Island’s state government failed to monitor what the taxpayer subsidy to his company was being used for – and then Schilling’s firm promptly lost all the money, leaving Rhode Island taxpayers on the hook for $112 million in principal and interest payments. If you’re counting, that’s a rough cost of $272 for every household in the state.

The same year that this subsidy deal was crafted, Rhode Island voters elected financial industry executive Gina Raimondo (D) state treasurer. Upon taking office – and at the same time the state was so flush with cash it was handing millions over to Schilling and writing checks for its annual $356 million in corporate subsidies – Raimondo began demanding cuts to public workers’ pension benefits. As the Providence Journal reported, her plan “raised the minimum retirement age, suspended annual cost-of-living increases and replaced the state’s defined-benefit pension with a hybrid that includes a 401(k)-style plan.”
http://pando.com/2014/02/07/how-a-100000-check-exposes-the-politics-of-pension-theft/

Sadly, the D after Raimondo's name is not a typo or a FoxNoise lie.

It was an ingeniously diabolical scheme. Under the guise of “reform,” a Democratic state official had devised a way to pretend to help balance the state’s budget exclusively through cuts to worker benefits, thereby preventing serious cuts to corporate welfare programs like the ones that gave $75 million to a baseball-player-turned-tech-executive. At the same time, the new system may actually raise costs for the state and most certainly hands over more pension money to the financial industry – aka one of of Raimondo’s biggest campaign contributors. And for such an effort, Raimondo was vigorously defended by front groups like Third Way, which are funded primarily by the very financial industry that has so benefited from her “reforms.”
http://pando.com/2014/02/07/how-a-100000-check-exposes-the-politics-of-pension-theft/

Recommendations

0 members have recommended this reply (displayed in chronological order):

And don't forget his screwing of GP6971 Mar 2015 #1
details.please Liberal_in_LA Mar 2015 #2
I'd have to look it up tomorrow GP6971 Mar 2015 #4
someone else posted the info Liberal_in_LA Mar 2015 #10
Here Marrah_G Mar 2015 #6
thanks. Liberal_in_LA Mar 2015 #8
You're welcome Marrah_G Mar 2015 #9
Thanks! Sherman A1 Mar 2015 #11
Is he still with MMP? Codeine Mar 2015 #19
It wasn't always so. Maedhros Mar 2015 #31
I don't know if he is or isn't with them Sherman A1 Mar 2015 #34
MMP is a pretty unscrupulous lot. Maedhros Mar 2015 #33
Sorry to hear that Sherman A1 Mar 2015 #35
Not all that big of a deal, but off-putting nonetheless. Maedhros Mar 2015 #36
Nevertheless Sherman A1 Mar 2015 #37
38 Studios: Curt Schilling's Crony Capitalism Debacle Dark n Stormy Knight Mar 2015 #17
What a phony, look-at-me guy he is. nt alp227 Mar 2015 #3
When he played for the Phillies, he was dubbed "Red Light Curt" for the way he was Dark n Stormy Knight Mar 2015 #18
The late great Jim Fregosi Freddie Mar 2015 #29
Lol! I forgot about that one. Dark n Stormy Knight Mar 2015 #39
kick samsingh Mar 2015 #28
He is a scumbag Marrah_G Mar 2015 #5
I wonder what ever happened to the related lawsuit against him. Dark n Stormy Knight Mar 2015 #24
Schilling only got mad because they went after his daughter. Hong Kong Cavalier Mar 2015 #7
I wouldn't be surprised to find he used secret accounts to post schit to the women in GamerGate. Dark n Stormy Knight Mar 2015 #16
I don't know anything about Gamergate... the_sly_pig Mar 2015 #12
Not just a whiner. He's a big bully, too Dark n Stormy Knight Mar 2015 #21
the poor man was unaware of such uncouth behavior until this incident with his daughter Skittles Mar 2015 #13
Ikr. If the man himself is not uncouth, there is no such thing. Dark n Stormy Knight Mar 2015 #22
something happened with the game his studio was developing. I think he did a 'Romney'..got a bunch Sunlei Mar 2015 #14
Barrels of money went to Schilling while the politicians introduced plans to cut pensions of Dark n Stormy Knight Mar 2015 #25
what I found odd was 'someone' passed some law that game developers could get the same 'free money' Sunlei Mar 2015 #30
+1 Blue_Tires Mar 2015 #15
It's like these RW politicians that have these horribly anti-GLBT legislative records bullwinkle428 Mar 2015 #20
It's exactly like that. And don't be surprised when Schilling becomes not just a major RW Dark n Stormy Knight Mar 2015 #23
i think curt schilling is no where near the hero he pretends to be samsingh Mar 2015 #26
his emails are disgusting samsingh Mar 2015 #27
He is a disgusting person. That's why I object to him being lauded as some great hero. Dark n Stormy Knight Mar 2015 #32
i agree samsingh Mar 2015 #38
I'm under no illusions Spirochete Mar 2015 #40
I disliked Shilling before it was cool Saboburns Mar 2015 #41
Latest Discussions»General Discussion»Just don’t get hoodwinked...»Reply #25