Good luck with that
Posted on 11/21/2014 4:07:11 PM PST by mdittmar
If the article is accurate, it sounds like the decision was correct. Bad idea to have that in your state constitution though.
Consider that sorry state file bankruptcy? Then the Trough Feeders can be told to take what ever they get.
Doubtlessly, even then they will get more than they deserve, like Pooblik Skrewl Collective edumacators.
Michigan has been a real thorn in Obama’s side. Rick Snyder has repeatedly outmaneuvered Obama. Snyder got the deal for the new Detroit river bridge after 30 years of fighting over it.
Canada will pay for the bridge but the customs plaza on our side is federal infrastructure costing $250 million. Obama won’t release the funds unless Snyder gives $100 million of it to unrelated Detroit pension funds. Snyder refused the money and ordered the project started. Obama will be out of office before its complete and we’ll worry about who owes what then.
Well played! We need more folks like that.
Snyder is pretty liberal but a shrewd businessman.
The taxpayers shouldn't be punished by the failure of politicians, either.
A third way is to cut other areas of the budget to pay the retirees. Probably not a popular choice, but residents would no doubt prefer that to rising taxes. But there's probably so much in the budget that's mandatory spending, that it can't be cut much.
I said this for months before they passed this useless piece of crap. The Illinois State Constitution is crystal clear on the matter. THAT’S why my home state is so completely screwed.
The only remedy is to modify the Illinois Constitutuon. And that ain’t gonna happen.
L
I wonder how the Federal Bankruptcy judge will rule when they finally go bankrupt.
Since Judge Belz didn’t recuse himself, I presume that he’s NOT a member of one of the Illinois systems and therefore was not conflicted.
But the Illinois Circuit is a state court system, so this makes me wonder whether he was deciding on his own benefits.
Section 5. Pension and Retirement Rights Membership in any pension or retirement system of the State, any unit of local government or school district, or any agency or instrumentality thereof, shall be an enforceable contractual relationship, the benefits of which shall not be diminished or impaired.
Sadly, this will be the ONLY part of ANY Constitution that Statists in grubermint actually faithfully abide by.
They can’t cut benefits - not without changing the constitution.
Benefits are an entrenched clause and a law cutting them is unconstitutional.
The judge’s hands were tied. I would have ruled the same way.
Sue the Democrat Party. They were the ones making these promises and they have LOTS of money. Shoot, a Democrat will give the Democrat Party $50,000 for the privilege of watching Obama eat a baked potato.
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