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Friday, November 9, 2012

UPDATE: Illinois pensions. There’s a cold wind blowing come January. « Fred Klonsky

Illinois pensions. There’s a cold wind blowing come January. « Fred Klonsky:


Illinois pensions. There’s a cold wind blowing come January.

Michael Madigan’s attempt to undermine the pension protection clause of the Illinois Constitution went down in flames.
It got neither the 60% of the voters to vote yes nor 50% of the voters who cast a ballot. 2.5 million voters in Illinois did not approve the Constitutional Amendment on pensions.
In addition there was no tax rebellion on Tuesday directed at the Democrats for their vote to temporarily increase the state income tax from 3% to 5%. In fact, the Democrats increased their numbers to a veto proof majority in both houses of the General Assembly.
Voters show no desire to go after teachers, public employees or unions when it comes to pension reform. There is widespread understanding among the voters, if not the members of the General Assembly, that this has been


Ten minute drawing. Package deal.