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Dec 6, 2013
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>> yes, governor pat quinn, the honorable pat quinn, and trying to do what was deemed the impossib impossibleunderfunded liabilities. he signed something yesterday. in ten minutes, we'll talk about what he signed, and where it will end up, and how it may be changed. you don't want to miss this. thrusters at 30%! i can't get her to warp. losing thrusters. i need more power. give me more power! [ mainframe ] located. ge deep-sea fuel technology. a 50,000-pound, ingeniously wired machine that optimizes raw data to help safely discover and maximize resources in extreme conditions. our current situation seems rather extreme. why can't we maximize our... ready. ♪ brilliant. let's get out of here. warp speed. ♪ ask me what it's like to get your best night's sleep wifp speedevery night. [announcer] why not talk to someone who's sleeping on the most highly recommended bed in america? ask me about my tempur-pedic. ask me how fast i fall asleep. ask me about staying asleep. [announcer] tempur-pedic owners are more satisfied than owners of any traditional mattress brand. tempur-pedic. the most highly rec
>> yes, governor pat quinn, the honorable pat quinn, and trying to do what was deemed the impossib impossibleunderfunded liabilities. he signed something yesterday. in ten minutes, we'll talk about what he signed, and where it will end up, and how it may be changed. you don't want to miss this. thrusters at 30%! i can't get her to warp. losing thrusters. i need more power. give me more power! [ mainframe ] located. ge deep-sea fuel technology. a 50,000-pound, ingeniously wired machine...
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Dec 4, 2013
12/13
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governor pat quinn says he's sign a bill. unions are threatening to sue. the pension system has an unfunded liability of $100 billion. chicago mayor says ill has serious debt problems, saying: >> vice president joe biden is now in china, the second stop on his trip to the far east. he plans to talk with chinese official's confrontation with japan. both claim a group of islands. china declared its air defense zone includes the air space over them. biden made it clear that the dispute is an international concern. >> we, the united states, are deeply concerned by the attempt to unilaterally change the status quo in the east china sea. >> before joe biden arrived defense officials issued a statement reaffirming china's claim on the area. >> protesters in thailand are cleaning up the mess from demonstrations. helping to tidy the street before the king's birthday. demonstrators would suspend their protest out of respect for the king, but would resume after ceremonies honouring him. they want the prime minister to resign. >>> protesters in ukraine are threatening
governor pat quinn says he's sign a bill. unions are threatening to sue. the pension system has an unfunded liability of $100 billion. chicago mayor says ill has serious debt problems, saying: >> vice president joe biden is now in china, the second stop on his trip to the far east. he plans to talk with chinese official's confrontation with japan. both claim a group of islands. china declared its air defense zone includes the air space over them. biden made it clear that the dispute is an...
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Dec 30, 2013
12/13
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KPIX
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governor pat quinn signed the bill in auchlingt he said he hoped to spare young people from the consequencesof dangerous habits that start early. >> for years their service has been forgotten. the parade of roses will change that. the story of the women flyers known as wsaps, that's coming up next. >> jeff: rosie the rivet err was a powerful symbol of working women in the second world war but rent real, a recruiting poster. then women polite-- pilots ass will to the front lines as women could get. carter evans reports these unsung heroes will be-erred at the parade of roses on new area's day. >> i think i was born wanting to fly. >> he lease stef eps rohrer earned her wings a as a women air force service pilot, one of a thousand who flew in the second world war. >> a lot of it was patriotism, of course. a lot of it is we can help the country by doing what we like best to do. and that was fly airplanes. >> reporter: it was dangerous work. 38 were killed. once the war ended, the wasps were disband. >> i wanted to go on flying but there were no jobs for women then. >> reporter: so alyce became
governor pat quinn signed the bill in auchlingt he said he hoped to spare young people from the consequencesof dangerous habits that start early. >> for years their service has been forgotten. the parade of roses will change that. the story of the women flyers known as wsaps, that's coming up next. >> jeff: rosie the rivet err was a powerful symbol of working women in the second world war but rent real, a recruiting poster. then women polite-- pilots ass will to the front lines as...
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Dec 4, 2013
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democratic governor pat quinn says he'll sign the measure. labor unions, as you might imagine, and other opponents are vowing to fight the overhaul. any changes violate that state's constitution. according to the pugh center, illinois pension funds cover just 45% of retirees pension and health care costs. let's move on to obama care this morning. the reboot continues today. the president will talk about the economic benefits of its health care law at an event in washington, d.c. yesterday president obama defended the affordable care act and suggested if republicans have any better ideas, they should bring them to the table. >> the bottom line is this law is working and will work into the future. we're just getting started with the exchanges. just getting started with the marketplaces. so we're not going to walk away from it. if i have to fight another three years to make sure this law works, then that's what i'll do. i've always said i will work with anybody to implement and approve this law effectively. you got good ideas? bring them to me.
democratic governor pat quinn says he'll sign the measure. labor unions, as you might imagine, and other opponents are vowing to fight the overhaul. any changes violate that state's constitution. according to the pugh center, illinois pension funds cover just 45% of retirees pension and health care costs. let's move on to obama care this morning. the reboot continues today. the president will talk about the economic benefits of its health care law at an event in washington, d.c. yesterday...
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Dec 10, 2013
12/13
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coming up on "morning joe," illinois governor pat quinn. thomas friedman, chuck todd and idris elba who plays nelson mandela in a new film. you're watching "morning joe." we'll be right back. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses if yand you're talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. this is humira, adalimumab. this is humira working to help relieve my pain. this is humira helping me through the twists and turns. this is humira helping to protect my joints from further damage.
coming up on "morning joe," illinois governor pat quinn. thomas friedman, chuck todd and idris elba who plays nelson mandela in a new film. you're watching "morning joe." we'll be right back. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our...
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Dec 9, 2013
12/13
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the governor pat quinn's office also said he has declared it might ditka day. >>> and this is a live look at eden prairie, minnesota, from our fox affiliate there, kmsp. the big story there, extreme cold weather we told you about earlier and the damage it has caused in that region. that is a look outside of the beltway from special report. we'll be right back. >>> it is like deja vu all over again. time is coming up for a budget deal or risk another shutdown. >> with the senate just returning from thanksgiving recess and the house due to adjourn on friday, it is crunch time to get a budget deal. sources suggest the size of the agreement may be narrowing. mississippi republican roger wicker is a budget conferree. >> i'm thinking about the end of the week we'll have a deal that gets us some sequestration relief and we'll there to pay for it. if it is just like the sale of spectrum, that won't be much of a victory. with were going to do -- we were going to do that any way. >> democrats have been hoping to restore funding for medical research and education. the pressure is on patty murra
the governor pat quinn's office also said he has declared it might ditka day. >>> and this is a live look at eden prairie, minnesota, from our fox affiliate there, kmsp. the big story there, extreme cold weather we told you about earlier and the damage it has caused in that region. that is a look outside of the beltway from special report. we'll be right back. >>> it is like deja vu all over again. time is coming up for a budget deal or risk another shutdown. >> with the...
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Dec 10, 2013
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government pat quinn tweeting, join me in congratulating the coach as i have pro claimed today mike ditka day. he made tight end for the chicago bears in 1961 to 1966. and then returned. he rurnld to the team as host from 1982 to 1992. ditka is the 14 and final player to have his number retired by the bears. and these new visitors are not welcome in the big apple. my fox ny tweeting, if cockroaches were not bad enough in the summer, some that survive in the snow in new york. they are able to survive harsh temperatures and snow. so how does the cockroaches get on new york city? scientists suspect they were burroed in the soil's decorative plants in new york. and the washington time tweeting, air force band puts on flash mob show at smithsonian. 120 musicians taking part in a surprise show at the national air and space museum. a lone cellist kicking it off. the vocalists chiming in from a second floor balcony. and a game day tradition. "sports illustrated" tweeting, no tailgating will be allowed at super bowl xlviii. it will be prohibited at met life stadium in new jersey. fans will be able
government pat quinn tweeting, join me in congratulating the coach as i have pro claimed today mike ditka day. he made tight end for the chicago bears in 1961 to 1966. and then returned. he rurnld to the team as host from 1982 to 1992. ditka is the 14 and final player to have his number retired by the bears. and these new visitors are not welcome in the big apple. my fox ny tweeting, if cockroaches were not bad enough in the summer, some that survive in the snow in new york. they are able to...
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Dec 28, 2013
12/13
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pat quinn governor of illinois, hundreds. he's had a ton of pardons.u look at andrew cuomo, a guy that refuses to pardon anybody, do you see, does he represent a certain type of democrat still haunted by that tough on crime? i keep saying tough on politics here. tough on crime era? >> it's not clear to me why the governor has been economical in terms of his issuance of pardons and commutations. his father wasn't particularly judicious either as it relates to the pardon power. i think the broader point which is an important one, the war on drugs widely acknowledged as a failure right now violated a basic tenant of american justice is that the punishment should fit the crime. with these mandatory minimum, particularly with crack cocaine offenses that clearly was not the case, as evidenced by president obama, six individuals, non-violent drug offenders serving life sentences are clearly that violates bake american values in terms of justice and the fairness of the criminal justice system. now what congress did a few years ago with the fair sentencing act
pat quinn governor of illinois, hundreds. he's had a ton of pardons.u look at andrew cuomo, a guy that refuses to pardon anybody, do you see, does he represent a certain type of democrat still haunted by that tough on crime? i keep saying tough on politics here. tough on crime era? >> it's not clear to me why the governor has been economical in terms of his issuance of pardons and commutations. his father wasn't particularly judicious either as it relates to the pardon power. i think the...
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. >> well, pat quinn wanted to go down there -- i think he went down there to cause trouble. >> right you think? >> you know, everything's turned upside down since then, you know? for one thing, we've seen now the real nelson mandela. as you said, he advanced capitalism. in fact, of all people, the chinese taught him the virtues of capitalism back in the early '90s after he got out of prison, because you know, by then, as we know now, now china has made state capitalism into an art form. >> they're everywhere out there. >> but you know, the thing is, i was reading somebody's responses ted cruz and newt gingrich got and these are people who have been locked in ice or something since the '70s or '80s. >> cryogenics -- >> don't let facts get in the way. >> i should say, here is some of the reaction newt gingrich received in response to his statement on nelson mandela. "newt, i was rooting for you to win the primaries and become the next president. please tell me you're joking. mandela was a commie murderer. such a amazing rewrite of history. newt, i thought you of all people, a historian
. >> well, pat quinn wanted to go down there -- i think he went down there to cause trouble. >> right you think? >> you know, everything's turned upside down since then, you know? for one thing, we've seen now the real nelson mandela. as you said, he advanced capitalism. in fact, of all people, the chinese taught him the virtues of capitalism back in the early '90s after he got out of prison, because you know, by then, as we know now, now china has made state capitalism into...
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Dec 12, 2013
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governor pat quinn says over $1 million will be put towards help. >> after an ef 4 tornado ripped throughington, illinois last month, debris is waiting by the curb for removal, while cox makes plans to reconstruction where her old place stood. >> our kids are grown so our needs are a little bit different. so we'll probably build something a little bit different. >> nearly 600 homes were leveled, another 400 damaged. city crews continue clearing away tons of twisted metal and splintered wood left by the storms. while some neighborhoods look destroyed, others are recovering. insurance agent roger hickman, says about 270 of his clients, including cox, have gotten money for their damage. hickman says final settlements on properties that need to be rebuilt could take weeks or months. >> the contractor would need to know, hey, this is the house i'm going to build. state farm are you okay request that? there will have to be a meeting of the minds so to speak as far as what type of home and how much money it's going to cost. >> weather could be a real wild card for washington. since the tornado h
governor pat quinn says over $1 million will be put towards help. >> after an ef 4 tornado ripped throughington, illinois last month, debris is waiting by the curb for removal, while cox makes plans to reconstruction where her old place stood. >> our kids are grown so our needs are a little bit different. so we'll probably build something a little bit different. >> nearly 600 homes were leveled, another 400 damaged. city crews continue clearing away tons of twisted metal and...
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illinois democratic governor pat quinn this week signed a new legislation intended to reform the state'sment plans, the worst in the country. the new law is expected to cut that liability by about 21 billion, fully fund their retirement system by 2044. we will watch carefully, and no one should hold their breath. labor unions are threatening to file a lawsuit to challenge the new law. that may be sincere, or it may be political theater. you will see about that. stocks ended the day sharply higher on positive developments in both the economy and in the job market, sparking speculation that the fed may choose to taper as early as this month. we will see more of the same from the fed. that will take a wait-and-see approach. we are joined now by harris, the chief economist at ubs. great to have you here. were you surprised by the numbers? >> we would he thought the jobs are going to go up almost 200,000. a little bit more than we thought. we thought that the unemployment rate was going down. not much of a surprise. the market really like these numbers. lou: like the numbers. and the result w
illinois democratic governor pat quinn this week signed a new legislation intended to reform the state'sment plans, the worst in the country. the new law is expected to cut that liability by about 21 billion, fully fund their retirement system by 2044. we will watch carefully, and no one should hold their breath. labor unions are threatening to file a lawsuit to challenge the new law. that may be sincere, or it may be political theater. you will see about that. stocks ended the day sharply...
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Dec 21, 2013
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governor pat quinn signed a bill passed by the legislature that legalized same-sex marriage in illinois. then yesterday, new mexico's supreme court ruled in favor of marriage equality, making new mexico the 17th state in the nation to legalize same-sex marriage. but then came today. and i don't know why this one feels different. but this one feels different. today, a federal judge in utah, yes, that utah. struck down the state's ban on same-sex marriage. the very first federal ruling since the supreme court's landmark rulings this morning. this summer. state's law prohibiting the law was unconstitutional and violated the right of the people of utah. in his ruling today, less than two and a half weeks after he first heard arguments in the case, the judge set himself a self-imposed deadline that he would rule, make a decision by january 7th. it's nowhere near january 7th and he surprised everyone when he just went ahead and ruled today in a sweeping ruling. he thought apparently, there was not only no rational reason to uphold utah's gay marriage ban, but that there was no reason to wait
governor pat quinn signed a bill passed by the legislature that legalized same-sex marriage in illinois. then yesterday, new mexico's supreme court ruled in favor of marriage equality, making new mexico the 17th state in the nation to legalize same-sex marriage. but then came today. and i don't know why this one feels different. but this one feels different. today, a federal judge in utah, yes, that utah. struck down the state's ban on same-sex marriage. the very first federal ruling since the...
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Dec 10, 2013
12/13
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governor pat quinn tweeting join me in congratulating the coach as i have declared today mike ditka day in illinois. retiring his jersey during a halftime ceremony. ditka played tight end for the chicago bears from 1961 to 1966. and then he returned to the team as head coach from 1982 to 1992. ditka is the 14th and final player to have his number retired by the bears. and these new visitors are not welcome in the big apple. my fox new york tweeting yuck, if cockroaches weren't bad enough in the summer some who have survived the cold have turned up in new york. exterminators discovering the species in the park. creepy crawlers are able to survive harsh temperatures and snow. how did the cockroaches get to new york city? scientists suspect they were burrowed in the soil of decorative plants at the park. and the united states air force band surprising museum visitors. "the washington times" tweeting air force plan puts on flash mob show at smithsonian. 120 musicians taking part in surprise show at the national air and space museum. a lone cheloist. officials banning a game day tradition fo
governor pat quinn tweeting join me in congratulating the coach as i have declared today mike ditka day in illinois. retiring his jersey during a halftime ceremony. ditka played tight end for the chicago bears from 1961 to 1966. and then he returned to the team as head coach from 1982 to 1992. ditka is the 14th and final player to have his number retired by the bears. and these new visitors are not welcome in the big apple. my fox new york tweeting yuck, if cockroaches weren't bad enough in the...
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Dec 4, 2013
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and governor pat quinn says he's going to sign it. oppose the bill and they promise to take legal action now. their argument is the legislation is unfair to workers and retirees who contributed to retirement plans. they will now see their benefits cut because of government mismanagement. >>> the fourth confirmed case of meningitis at the university of california santa barbara. an 18-year-old freshman on the men's lacrosse team has already had both legs amputated. federal officials are allowing that school to vaccinate thousands of students next month using a drug that's not been approved by the united states. >> a couple weeks ago i talked to a doctor who said you absolutely should use the vaccine. he feels it's safe tore use it than not use it 3. >>> nucle"newsweek" is returnin its roots beginning january or maybe february. the new print version will depend more on subscribers and less on advertisers. and readers will pay more than in the past. >>> a woman thought to be getting the first ticket for wearing google glass has pleaded no
and governor pat quinn says he's going to sign it. oppose the bill and they promise to take legal action now. their argument is the legislation is unfair to workers and retirees who contributed to retirement plans. they will now see their benefits cut because of government mismanagement. >>> the fourth confirmed case of meningitis at the university of california santa barbara. an 18-year-old freshman on the men's lacrosse team has already had both legs amputated. federal officials are...
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Dec 5, 2013
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. >> woodruff: governor pat quinn, a democrat, says he will sign the bill, but leaders of public employee unions say they will sue. >> we think this is the triumph of politics over the rule of law and therefore we will be in court. >> woodruff: illinois is following in the footsteps of rhode island, which overhauled its pension laws in 2011 to reduce benefits. and bankrupt cities are moving to curb pension plans as well. a federal judge cleared the way yesterday for detroit's bankruptcy to go forward. the city's emergency manager, kevyn orr, promised a thoughtful and measured approach. >> approximately 40% of every dollar that the city takes in the general fund goes to paying legacy debts, pension obligations, some of which are unfunded, or debt. that's just not sustainable because in the next three to four years, that number's going to go to almost 65%, almost two- thirds. >> woodruff: the ruling could have implications elsewhere, especially california; stockton and san bernardino may tackle pension costs as part of their bankruptcy proceedings. we tackle the question now of whether thes
. >> woodruff: governor pat quinn, a democrat, says he will sign the bill, but leaders of public employee unions say they will sue. >> we think this is the triumph of politics over the rule of law and therefore we will be in court. >> woodruff: illinois is following in the footsteps of rhode island, which overhauled its pension laws in 2011 to reduce benefits. and bankrupt cities are moving to curb pension plans as well. a federal judge cleared the way yesterday for detroit's...
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governor pat quinn said he will sign it. unions threaten to sue. the illinois employee pension system has an unfunded liability of $100 million. illinois has serious debt problems and says: >> a court ruling gives employers a way to give workers from not suing them. employers may require employees to waive their rights to file class action law suits, helping to avoid costly court cases about overtime and wage issues. workers will not be able to ban together over workplace disputes. >> the midwest rapped in a chill. let's go to nicole mitchell, meteorologist. >>> good morning, the temperatures dropped scantly after the last few days, and going down more as we head to the weekend. look at the national pictures. parts of colorado, and into the northern area of minnesota. that's where we have seen a couple of persistent bands. if you go back not to 5am yesterday or 5am the day before. you have consistent know since then, and the totals, places north, like two harbours over two feet. you may think it sounds awful and there has been a lot of accidents. p
governor pat quinn said he will sign it. unions threaten to sue. the illinois employee pension system has an unfunded liability of $100 million. illinois has serious debt problems and says: >> a court ruling gives employers a way to give workers from not suing them. employers may require employees to waive their rights to file class action law suits, helping to avoid costly court cases about overtime and wage issues. workers will not be able to ban together over workplace disputes....
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Dec 4, 2013
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democratic governor pat quinn says he will sign the measure. labor unions and other opponents are vowing to fight the overhaul. they say any changes violate the state's constitution, which prohibits reducing benefits. >> detroit can go back 15, 20 years and do the things with their pensions that chris christie did in new jersey, scott walker did in wisconsin. you know, what's happening, pat queen will seen the bill in illinois people go out scream and yelp. i understand they want to get the best deal they get. they should goeshlt for the absolute best deal they should get but you ask where it came from, unions that push politicians to overpromise benefits they couldn't pay for in exchange for votes and money and there are some people now and jerry brown i think in california from what i understand is being responsible. governors of both parties are making choices that politicians did not make over the past 20 years. >> there is no doubt the system continues to be enher rently flawed and corrupt. elected politicians receiving company contributio
democratic governor pat quinn says he will sign the measure. labor unions and other opponents are vowing to fight the overhaul. they say any changes violate the state's constitution, which prohibits reducing benefits. >> detroit can go back 15, 20 years and do the things with their pensions that chris christie did in new jersey, scott walker did in wisconsin. you know, what's happening, pat queen will seen the bill in illinois people go out scream and yelp. i understand they want to get...
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Dec 9, 2013
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john's funeral last week was attended by the governor of our state, pat quinn, members of congress including glenn pashard, jerry costello and ken gray, and many, many other elected officials. the anecdote that spes captured his spirit was offered in the eulogy by his grandson. he said he once asked his grandfather why he gave money to homeless people every time he saw them. he replied because it's the right thing to do. simple as that. it was the right thing to do. carl sandberg, another son of illinois, wrote a poem called "prayers of steel." it's the prayer of a working person asking for a useful life. john redenour was an iron worker, but these words about a steelworker apply to him as well. this is what sandberg wrote. lay me on an anvil, o god, beat me into a crowbar. let me lift and loosen old foundations. lay me on an anvil, o god, beat me and hammer me into a steel spike. take red-hot rivets and fasten me into the central girders. let me be the great nail holding a skyscraper through blue nights into white stars. john redenour must have prayed those words or something like them ofte
john's funeral last week was attended by the governor of our state, pat quinn, members of congress including glenn pashard, jerry costello and ken gray, and many, many other elected officials. the anecdote that spes captured his spirit was offered in the eulogy by his grandson. he said he once asked his grandfather why he gave money to homeless people every time he saw them. he replied because it's the right thing to do. simple as that. it was the right thing to do. carl sandberg, another son...
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the plan is supportive of governor pat quinn and unions say they will sue if the legislation is passed. automakers were thankful for thanksgiving weekend, the big three posting monthly gains in november compared to this time last year. ford's november sales jumped 7%. gm notched 14% gain and big winner chrysler coming with a 16% sales increase. a slow month for auto sales manufacturers offer deals to capitalize on the holiday shopping season. adam: is now the time to get bullish? the biggest bears in retreat but wall following suit today. lori: he has been dancing with the stars. just am nominated choreographer mark ballast on his push to get healthy after 11 years as a smoker. adam: record-breaking night at the seattle seahawks century link stadium but it wasn't just the stadium rocking. we will explain. ♪ every day we're working to be an even better company - and to keep our commitments. and we've made a big commitment to america. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've in
the plan is supportive of governor pat quinn and unions say they will sue if the legislation is passed. automakers were thankful for thanksgiving weekend, the big three posting monthly gains in november compared to this time last year. ford's november sales jumped 7%. gm notched 14% gain and big winner chrysler coming with a 16% sales increase. a slow month for auto sales manufacturers offer deals to capitalize on the holiday shopping season. adam: is now the time to get bullish? the biggest...
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. >>> illinois governor pat quinn declaring, we have won as the state legislature passes an overhaulnsion system but his critics call it a small bandage on an open wound. more importantly does it make you worried about your retirement funds? you can tweet us and your answers will be on the bottom of the screen. for his take, bring in brian battle, performance trust capital partners. brian, thanks for joining us. is this a slippery slope or illinois just that bad with its finances? >> well, let's be careful. whole muni market is, $3.74 trillion in size and there are 60,000 different issuers across the united states. so you're right, ashley, illinois is particularly bad with all the actors in the muni market. we did pass a pension plan yesterday. the short answer is, it is better than nothing since what we've done since 2010 when the state started to get downgraded. political action, that is what we got downgraded for, political inaction. we've done something, will stop the bleeding but not a full solution. tracy: let's talk about the fact it is not a full solution because you even men
. >>> illinois governor pat quinn declaring, we have won as the state legislature passes an overhaulnsion system but his critics call it a small bandage on an open wound. more importantly does it make you worried about your retirement funds? you can tweet us and your answers will be on the bottom of the screen. for his take, bring in brian battle, performance trust capital partners. brian, thanks for joining us. is this a slippery slope or illinois just that bad with its finances?...
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. >> illinois governor pat quinn says pension reform in your state, is quote, necessary for the economicle but you disagree. why? >> no, i don't disagree it is important to have happen. i think the important thing is this piece of legislation i opposed. i said on your show a number of times we need substantive, fairo our state public pensions. the illinois constitution, and this is the fundamental issue that i have with the bill as presented, specifically points out that you can not diminish the pensions of the current enrollees under a contractual obligation. so for that reason i believe the bill that was passed is unconstitutional. tracy: but, sir, you have your hand in the investments of this state every day, right? >> sure. tracy: since 2010, everyone knew it was bad then. how come things weren't done? how come steps weren't taken back then to potentially prevent this from happening? >> well, it has been going on for years. it hasn't been just since 2010. tracy: of course not. >> it has been going on for quite some time and we all can appreciate that. again i do want to have fair, su
. >> illinois governor pat quinn says pension reform in your state, is quote, necessary for the economicle but you disagree. why? >> no, i don't disagree it is important to have happen. i think the important thing is this piece of legislation i opposed. i said on your show a number of times we need substantive, fairo our state public pensions. the illinois constitution, and this is the fundamental issue that i have with the bill as presented, specifically points out that you can not...