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Lawmakers call for Illinois Constituional Convention


Upholder

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Let's let Madigan rewrite the Illinois Constitution.. what could possibly go wrong?

 

http://newschannel20.com/news/local/lawmakers-call-for-illinois-constitutional-convention

 

New amendment that would build a wall to stop tax payers from leaving the state.

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Let's let Madigan rewrite the Illinois Constitution.. what could possibly go wrong?

 

http://newschannel20.com/news/local/lawmakers-call-for-illinois-constitutional-convention

 

 

 

On the plus side Chicago may be able to declare bankruptcy and re-negotiate obligations to retirees so our taxes do not skyrocket. On the downside I am sure this will screw us over 10 other ways before it is done.

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We got screwed in the 1970 ConCon which was run by Mike Madigan and King Daley II.

 

Madigan is still around and he and his minions would like nothing better than to enslave us even more.

 

In a fair world I'd welcome a ConCon but not in Madiganistan.

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Well all I can say is it got your attention. Was it more publicity than anything else bringing it up in the

extended session? They can't agree on a budget and they are going to agree on this?

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Shall we not forget

1970 ILL State Constitution convention

got us Section-22 RIGHT TO ARMS

---SUBJECT ONLY TO THE POLICE POWER----

those police powers are "ILLINOIS STATE POLICE"

and "ILLINOIS DNR"

both are empowered to infringe by administrative rules.

all of this & the FOID-ACT thanks to

Chicago mayor Richard M. Daley.

 

 

I think you mean his daddy Richard J Daley. Daley the elder did not want blacks to own guns so he got the FOID act pushed through to discourage it.

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On the plus side Chicago may be able to declare bankruptcy and re-negotiate obligations to retirees so our taxes do not skyrocket. On the downside I am sure this will screw us over 10 other ways before it is done.

Unfortunately the retirees are not to blame because of the current situation. It falls on the Chicago administration's mismanagemen, failure to make their legally mandated contributions, and pilfering the retirement funds. This has been going on for decades. The retirees had no choice in making their contributions and the city was supposed to be making theirs but have repeatedly failed to do so and then continued to play games with the funds. The funds rely not only on the contributions of both the workers and the city, but also on smartly investing the funds for continues growth. If a large chunk of money is not being paid in and withdrawals being made to current retirees, how can a retirement fund possibly grow and be healthy? When workers are hired, they are promised retirement benefits. Why should they have to suffer and have their promised pensions be "renegotiated" when they believed that this benefit that they have worked their entire careers for was bungled by something beyond their control? It is time to stop raising taxes and finding new ways to spend this revenue and start paying for current OBLIGATIONS! Illinois and Chicago has no chance of ever getting ahead and will continue the current death spiral until the politicians wake up and realize this...

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Shall we not forget

1970 ILL State Constitution convention

got us Section-22 RIGHT TO ARMS

---SUBJECT ONLY TO THE POLICE POWER----

those police powers are "ILLINOIS STATE POLICE"

and "ILLINOIS DNR"

both are empowered to infringe by administrative rules.

all of this & the FOID-ACT thanks to

Chicago mayor Richard M. Daley.

The FOID Act preceded the new Constitution.

 

I say let's write a new one, get rid of those 6 words and the part about public employee pensions. The state is doomed otherwise.

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Unfortunately the retirees are not to blame because of the current situation. It falls on the Chicago administration's mismanagemen, failure to make their legally mandated contributions, and pilfering the retirement funds. This has been going on for decades. The retirees had no choice in making their contributions and the city was supposed to be making theirs but have repeatedly failed to do so and then continued to play games with the funds. The funds rely not only on the contributions of both the workers and the city, but also on smartly investing the funds for continues growth. If a large chunk of money is not being paid in and withdrawals being made to current retirees, how can a retirement fund possibly grow and be healthy? When workers are hired, they are promised retirement benefits. Why should they have to suffer and have their promised pensions be "renegotiated" when they believed that this benefit that they have worked their entire careers for was bungled by something beyond their control? It is time to stop raising taxes and finding new ways to spend this revenue and start paying for current OBLIGATIONS! Illinois and Chicago has no chance of ever getting ahead and will continue the current death spiral until the politicians wake up and realize this...

The taxpayers had no seat at the table when the deals were made for pensions that the state didn't have money to fund. The fact remains that there simply is not, and never will be, the money to bring those pensions to 100% funded. You can say whatever you like, but math wins in the end.
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Tax payers got screwed the last time too - the Illinois constitution does nothing to protect the earnings of hard working Illinois citizens, but the Illinois constitution does guarantee pension benefits to public workers - no matter what.

 

Illinois Supreme Court rules landmark pension law unconstitutional:

 

 

http://www.chicagotribune.com/ct-illinois-pension-law-court-ruling-20150508-story.html

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Shall we not forget

1970 ILL State Constitution convention

got us Section-22 RIGHT TO ARMS

---SUBJECT ONLY TO THE POLICE POWER----

those police powers are "ILLINOIS STATE POLICE"

and "ILLINOIS DNR"

both are empowered to infringe by administrative rules.

all of this & the FOID-ACT thanks to

Chicago mayor Richard M. Daley.

 

 

I think you mean his daddy Richard J Daley. Daley the elder did not want blacks to own guns so he got the FOID act pushed through to discourage it.

 

 

Daddy didn't even want blacks to live in the city.

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Unfortunately the retirees are not to blame because of the current situation. It falls on the Chicago administration's mismanagemen, failure to make their legally mandated contributions, and pilfering the retirement funds. This has been going on for decades. The retirees had no choice in making their contributions and the city was supposed to be making theirs but have repeatedly failed to do so and then continued to play games with the funds. The funds rely not only on the contributions of both the workers and the city, but also on smartly investing the funds for continues growth. If a large chunk of money is not being paid in and withdrawals being made to current retirees, how can a retirement fund possibly grow and be healthy? When workers are hired, they are promised retirement benefits. Why should they have to suffer and have their promised pensions be "renegotiated" when they believed that this benefit that they have worked their entire careers for was bungled by something beyond their control? It is time to stop raising taxes and finding new ways to spend this revenue and start paying for current OBLIGATIONS! Illinois and Chicago has no chance of ever getting ahead and will continue the current death spiral until the politicians wake up and realize this...

The taxpayers had no seat at the table when the deals were made for pensions that the state didn't have money to fund. The fact remains that there simply is not, and never will be, the money to bring those pensions to 100% funded. You can say whatever you like, but math wins in the end.
The taxpayers did have a seat at the table. Their elected representatives.

Every single public employee contract has to be approved by an elected board, except for CPS. The voters put the people in place that let this happen.

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The Chicago Teachers' Pension Fund (CTPF) actually lost $28M in fiscal 2016. They actually paid a hedge fund 1.5% to lose money. A monkey could've made money in the market in 2016 by throwing bananas at a list of ticker symbols. Fund management actually took the hundreds of millions contributed by current teachers (pension contributions) and used it to fund redemptions. The money contributed by current employees won't be there when they get around to retiring. Another name for that is a Ponzi scheme. Bernie Madoff will die in prison for doing precisely what the CTPF has done for...God knows how long, and will continue to do. Legal when the government does it, 150 years in prison when a citizen does it.

 

Sent from my VS987 using Tapatalk

 

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The taxpayers did have a seat at the table. Their elected representatives.

Every single public employee contract has to be approved by an elected board, except for CPS. The voters put the people in place that let this happen.

The unions got the representatives elected by spending millions on their campaigns. The representatives then threw taxpayer money back at the unions. Wash, rinse, repeat for 40 years and next thing you know there's unfunded pensions that amount to $20,000 for every man, woman, and child in Illinois. That money cannot be paid, ever. It's too much, it's not there, it's never going to be there. It can't be collected by raising taxes on the rich, on corporations, on the people at large. The rich are already fleeing Illinois, corporations are fleeing Illinois, people are fleeing Illinois. We're already in the beginning of the death spiral, clinging to the fiction that we're obligated to pay for those pensions no matter what will only accelerate it.

 

Getting rid of that clause in the Constitution is a necessary first step to get out of the hole we're digging ourselves into. Because paying everything we owe is simply not going to happen, it can't happen, the math is what it is and you simply can't deny the math or wish it away.

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they have worked their entire careers

Sorry, but public service should not be a career. Work a while in the private sector, do a couple of years of public service and go back to the private sector.

 

 

 

Regardless of whether or not public service should or should not be a career (I've done both, and mightily screwed up my retirement because of it), Mikey has a very valid point. The teachers and cops of Chicago had no choice: they HAD to make their contributions to the pension fund. Contractually and legally, the city of Chicago was required to do so as well. Now, suddenly, when they've let the situation snowball for 30 years, it's just too hard to do it and we're going to go to them and tell them that they're going to be eating cat food until they die. Or, they get the opportunity to explore a second career as a Walmart greeter.

 

Sorry, if I don't punish my kid for something she didn't do, how can we punish the thousands of retirees that worked with (and for) the city in good faith? Punish them for something that was not their fault?

 

Conversely, all we do by allowing the city (or a constitutional convention) to do by "renegotiating" the debt load is to reward them for their bad behaviour. 30 years from now, they will have screwed someone else over, and they'll look back on this as precedent, and they'll say, "If we can just call a constitutional convention, we can snap our fingers and make the debt go away."

 

As far as public service being a career, are we saying that someone should work as a cop for 5-10 years and be forced to leave and find a job somewhere else? People complain about tenure for teachers and how it allows bad teachers to continue in their positions, but are we seriously going to say to a teacher, "Sorry, you've been a public-sector employee for too long. You're fired. Go find a job as a private educator in a system where >90% of all teachers are public sector employees?"

 

If you're saying that we should privatize all of those professions, that's a different discussion (and one worth having: I can see benefits to it). But if we're going to keep specific professions as public-only, it makes zero sense to force people out of a position when they're doing a good job.

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Even when they introduce a bill- even then they don't work. They don't even read their own bills to see if they make sense. Remember last year? Kathleen Willis ? She was clueless about her own bill. I mean, it was her fricken bill for Pete's sake- she couldn't even be bothered to read and understand her own bill !

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