CAT Tracks for May 1, 2010
PASSING THE BUCK

Make that IOUs.


The gang that wants the National Guard to police the streets of Chicago...

The gang that wants to monitor and punish teens for sending sexually explicit text messages...

That gang...

Wants to issue IOUs to state employees, including teachers.

Why?

Because they don't have the cojones to do the job for which they were elected...to solve the problems facing the State of Illinois.


Our elected politicians...

...are quite happy to publicly flail teachers for "failing". They are quick to call for firing or eliminating the job security of teachers for allegedly "not doing their jobs".

But...

When it comes to doing THEIR jobs, when it comes to THEIR "job security" (with November elections on the horizon)...

It's duck and cover...their collective as..., uh, butts!


From the KFVS TV Channel 12 Website...


Link to Original Story

Illinois lawmakers propose IOU's for pension payback

SPRINGFIELD, IL (AP) - Illinois Democrats are considering the idea of IOUs for government pension systems as they try to piece together a new state budget.

It's just one of many ideas under discussion as officials grapple with a huge deficit.

Illinois owes $3.7 billion to the pension systems for state employees, downstate teachers and more.

Gov. Pat Quinn originally proposed borrowing the money to make that payment. Now he suggests borrowing half the money and giving the pension systems bonds to cover the other half.

Essentially, the state would be promising to pay off the bonds with interest over the next eight years.

The pension systems object. They say the plan would not yield enough money and might endanger their tax-exempt status.