Tag: debt

Illinois Supreme Court UNANIMOUSLY throws out pension theft scheme

This is a couple of days old, but I have great news to share:

The Illinois Supreme Court on Friday unanimously ruled unconstitutional a landmark state pension law that aimed to scale back government worker benefits to erase a massive $105 billion retirement system debt, sending lawmakers and the new governor back to the negotiating table to try to solve the pressing financial issue.

The ruling also reverberated at (Chicago) City Hall, imperiling a similar law (Chicago) Mayor Rahm Emanuel pushed through to shore up two of the four city worker retirement funds and making it more difficult for him to find fixes for police, fire and teacher pension funds that are short billions of dollars.

At issue was a December 2013 state law signed by then-Democratic Gov. Pat Quinn that stopped automatic, compounded yearly cost-of-living increases for retirees, extended retirement ages for current state workers and limited the amount of salary used to calculate pension benefits.

The Illinois Supreme Court unanimously struck down the pension theft scheme despite Democratic Illinois Attorney General Lisa Madigan basically arguing that politicians don’t have to abide by the Illinois Constitution, which contains provisions protecting the pension benefits that our state’s public employees pay into one of several public employee pension systems, if there’s a significant pension shortfall. The Illinois Supreme Court, which has four Democrats and three Republicans, ruled unanimously that the provisions of Illinois Constitution pertaining to public employee pensions do, in fact, apply to politicians who try to screw over retirees.

Make no mistake about it, the fight against the Quinn-Rahm-Ranuer pension theft scheme is far from over.

John Oliver: The Left’s New Hero

John Oliver may not be a U.S. Citizen, but he’s already earned a large following on the American left. As the host of the HBO comedy show Last Week Tonight (which also has a YouTube page with nearly 800,000 subscribers), Oliver has, among other things, railed against rampant corruption at FIFA (the international soccer federation), has exposed the Miss America pageant for fluffing their claim about how much money in scholarships they provide, and has taken on the wealthiest people in America and their political influence, while, at the same time, injecting quite a bit of humor into his show.

Right before the 2014 FIFA World Cup soccer tournament began, Oliver did this piece on the protests against the World Cup in the host country of Brazil and the rampant corruption within soccer’s international governing body:

Several days after the 2014 Miss America pageant, Oliver did this piece on the rampant sexism in beauty pageants and Miss America’s false claim that they provide more money in scholarships to women than anyone else:

Additionally, Oliver has done pieces on the payday loan industry, the massive student debt problem in this country, and the massive wealth gap in this country:

While Last Week Tonight is a comedy show and not a news program, I’ve found Last Week Tonight to be far more informative than actual news programs in this country, with more actual investigative journalism than on any actual news program in this country. Additionally, Last Week Tonight is considerably funnier than any news program as well.

John Oliver has become the Fighting Bob La Follette of comedy, and that’s why he’s the American left’s new hero.