In the Ukraine Parliament, a female member states, “This is a budget of genocide. You are halving pensions. You are halving wages.” You can see her say this in the video clip (hopefully) embedded above. Ukraine is a big mess, with inflation at 272 percent. Victoria Nuland’s man in Kiev, Arseny Yatsenyuk, whom she calls “Yats”, holds up a copy of the Ukraine budget and laughs. Yats was laughing at a parliament member who asked, “Hey, can I at least see the budget before I vote on it?” So Yats held up a copy of the budget and laughed.
In Illinois, another “budget of genocide” seems likely. There, the Illinois financial situation is a big mess, just like in Ukraine. There are “unfunded pension liabilities” to the tune of about $110 billion. To keep paying the money to retired state employees, 25 percent of the yearly taxes get diverted in Illinois to the dried-up pension fund. When the late Jimmy Hoffa diverted Teamster pension funds, he got sent to jail. But in Illinois, somehow no one has figured out exactly which of our politicians diverted the state pension funds. So everyone skates and they start calling taxes “revenue enhancements” to avoid the harsh “K” sound in taxes.
Things had been flowing merrily along as the “can got kicked down the road.” That was what they sometimes said, “We cannot keep kicking the can down the road.” And then they kicked the can once again. But now the situation in Illinois appears to be coming to a head. The can has hit a brick wall. It can’t be kicked down the road anymore. And so a confrontation between forces represented on one side by the new Illinois Governor, Bruce Rauner, and on the other side by Michael Madigan, perennial Illinois House Speaker, looms. Adding to the tension is that the Chicago Mayor, Rahm Emanuel, is not a shoe-in for re-election on April 7th. The Chicago Mayor is powerful in Illinois, so much so that they say Chicago is the tail which wags the dog. In other words, little Chicago waves around the entire state of Illinois. (Chicago, I know, is not so little. But geographically it is, compared with the entire state of Illinois.)
Around March 31st, money to pay court reporters runs out. On April 7th we find out who the Chicago Mayor will be for the next four years. So there is likely to be high drama around then in Illinois. Also the cold weather which has kept somewhat of a lid on things in the streets begins to lift around late March/early April. But what will actually happen? Budget cuts are likely. It might be so bad that people will say, “It is a budget of genocide.” Sneaking through more taxes (but calling them “new revenue” to sweeten the pill) shall occur in the dead of night, when evil deeds abound. Already the “news” has gone very quiet about what exactly is being decided in Springfield, the state capital. Looks like the dead of night approaches.
But budget cuts and “enhanced revenue” will not solve things, no more than the International Monetary Fund will solve things in Ukraine. The biggest problem is the unfunded pension liabilities. Article XIII, Section 5 of the Illinois Constitution states:
Membership in any pension or retirement system of the State, any unit of local government or school district, or any agency or instrumentality thereof, shall be an enforceable contractual relationship, the benefits of which shall not be diminished or impaired. 
What this seems to mean is that Illinois cannot declare bankruptcy and write off the unfunded pension liabilities. So what can be done? This is a tough problem for those who have thought about it. Illinois heads towards being, “Ukraine: The Sequel”. Budget cuts and new taxes aren’t going to fix the problem. A desperation measure is needed: a voter referendum, asking “Yes or No: Resolved: Illinois is dissolved.”
Resolved: Illinois is dissolved.
Once the voters approve the dissolution of Illinois, then lawyer tricks can be brought in. Since Illinois is dissolved, that means there are no more pension liabilities and in fact no liabilities of any kind for “Illinois” (since it no longer exists). Then, the next day, after all obligations have been erased, another voter referendum can be held: “Yes or No: Illinois is absolved, solved, and resolved.” From this will be born New Illinois. In its constitution, New Illinois will provide that all state monies shall be independently audited by Switzerland with results openly published each year on January 1st.
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