Posted on 11/21/2014 4:07:11 PM PST by mdittmar
What will you do?
Hey Judge, you going to run the printing presses? Oh, wait, a state can’t mint money.
So, Judge, you moron, when Illinois runs out of money and can’t pay YOU, what will you do?
Idiot.
There’s a third option.
Bankruptcy.
And if the Unions push it and it arrives they may well wish they had made a deal now.
Actually, the only real question is: Is a legislature’s budget making ability sovereign or not? Can previous legislatures lock out any and all budgetary choices?
If the answer is no, it is not sovereign, what’s the point of elections? One single legislature could enact an eternal budget and it is all done with.
Seems to me to be a dance that the courts have tried mightily not step out to, but the music’s growing louder.
Uh huh, leftscum.
Directed at the author of this bilge, not you, mdittmar.
We need the same judge to explain to Obama that he can’t just ignore the law and do whatever the hell he wants.
Yet the same courts overturned traditional marriage state constitutional amendments in a heart beat...
No, but like Utah they can monetize gold and silver.
From the articles it looks like the judge cited straight from the state constitution to base the decision.
So the other option is to amend their state constitution so as to keep their state from going belly up.
You are correct,Bankruptcy is an option,lot’s of States may be headed that way.
And perhaps a fourth. Amend the state constitution.
I’m sure you are aware that even if the constitution is amended it only effects new employees. Remember the USC prohibits ex-post facto laws. Bankruptcy is not an option for Sovereign states
They will automatically reduce when the fund runs out of money due to union mismanagement.
Detroit’s $20 billion dollar debt doesn’t look so bad after all.
Some states are in seriously bad shape and we should loudly resist a federal bailout. Its why I supported a Michigan bailout of Detroit rather than federal. It sucks for us but with the state in GOP hands its not just a blank check to the city and some good is being done.
We have it figured out in CA. We just don’t talk about it since there is not one Elected Republican holding State Wide Office.
The multi Billion Dollar unfunded Pension Liability must have disappeared overnight. I wonder where it went?
I think the only states that will get bailouts (assuming ongoing Dem control of the WH) are Cal, Ill, and NY.
Those are 107 electoral votes that are the locked in for Dems without having to spend a penny of campaign money.
Bankruptcy is the other route.
Federal law will then allow them to cut bennies.
The legislature is a creation of the constitution. It’s powers and it’s limits are defined by that contract.
The constitution must be sovereign.
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