Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
"All seven members of the state’s highest court found that a pension overhaul lawmakers had agreed to almost a year and a half ago violated the Illinois Constitution. The changes would have curtailed future cost-of-living adjustments for workers, raised the age of retirement for some and put a cap on pensions for those with the highest salaries. But under the state Constitution, benefits promised as part of a pension system for public workers “shall not be diminished or impaired.”
“Crisis is not an excuse to abandon the rule of law,” Justice Lloyd A. Karmeier wrote in an opinion. “It is a summons to defend it.”
That's only because the Illinois State Constitution has not been amended.
That's only because the Illinois State Constitution has not been amended.
They can't amend it in such a way that it will impair the benefits of retired or current employees, however they can change those benefits for employees who will be hired in the future.
They can't amend it in such a way that it will impair the benefits of retired or current employees, however they can change those benefits for employees who will be hired in the future.
So you say. I'm not buying it. They can change their constitution.
They can't amend it in such a way that it will impair the benefits of retired or current employees, however they can change those benefits for employees who will be hired in the future.
California Democrats routinely ignore laws they don't like and get away with it. So why can;t they cut benefits for current retirees.
California has the 6th largest economy IN THE WORLD! I'm sure they will figure it out. Maybe they will secede from the union so they won't be dragged down by the Pubs.
The USSR had the second largest economy in the world at one point and it didn't help them. Bigness does not equal soundness - indeed globally smaller countries tend to be much wealthier, better governed, and freer than larger countries. Incidentally this is why I myself agree with Calexit; smaller scale (on average) forces better government due to more competition, and the smaller the better, until we live in a world of Monacos, Liechtensteins, Luxembourgs, and Icelands.
The USSR had the second largest economy in the world at one point and it didn't help them. Bigness does not equal soundness - indeed globally smaller countries tend to be much wealthier, better governed, and freer than larger countries. Incidentally this is why I myself agree with Calexit; smaller scale (on average) forces better government due to more competition, and the smaller the better, until we live in a world of Monacos, Liechtensteins, Luxembourgs, and Icelands.
No, they won't, especially if I have any say in the matter. Not one dime of my tax-dollars is going to bail-out California or it's pensions.
The people of California made their bed through bad choices. Now they must lie in the bed they made. If they don't like it, then they can leave.
LOL. CA is too big to fail. Just look at history, every time CA runs into trouble the Feds either lower interest rates to historic low or the government does something else to prop it up. CA drives this nation, everyone in Capital Hill knows that.
And no, you will have no say in the matter; but CA does pay more money to the Feds than it receives back. So basically a big chunk of your city's stuff is paid for by us.
.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
