Much of the routine trade and investment between China and America is entirely appropriate and in America’s interest. But inserting the Chinese Communist Party into America’s pay-to-play system and its economic development strategy isn’t just crossing a line. It’s a leap into an abyss of stupidity.
I would like to see how the laws made are for all the people and groups.
“(The judge) shut the governor down pretty hard in the opinion,” Lesperance said. “It is clear in the constitution, the laws of Illinois are for all people and all groups, not one group of people or one specific geographic area.” Does the law “Shall not impair or diminish” cover all retirement programs like 401K/IRA’s or just a small select group?
Yes 401k/IRA’s are covered by the constitution. Prior to the pension clause being added to the constitution, some jurisdictions deemed pensions a gratuity that could be altered at the whim or needs of the government. This meant they didn’t hold any contractual rights and the amendment was added to clarify this point. Your private retirement accounts are protected as well. Your employer can’t go back after it promised you a 6 percent match and retroactively take that money it deposited into your 401k back. You have been protected all along by the contracts clause and no additional amendment is needed… Read more »