SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
Teachers union opens new front

Friday, Mar 14, 2014

* Bloomberg

The second-largest U.S. teachers union has added a firm formerly headed by Bruce Rauner, a Republican leading the race in next week’s Illinois gubernatorial primary, to its enemies list.

The American Federation of Teachers is urging public pensions to review investments with Chicago-based GTCR, a private-equity firm where Rauner was chairman before stepping down in 2012. He supports shifting government workers to 401(k)- type plans from traditional defined-benefit pensions, which give retirees a payout based on years of service and final salary.

The AFT, with 1.5 million members, is scheduled to release an updated “watch list” of 29 money managers that the union says support groups opposed to traditional pensions. GTCR has $4.9 billion of commitments from U.S. public pension funds, according to Preqin Ltd., a London-based research firm. The AFT is also adding Highbridge Capital Management and a unit of London-based insurer Aon Plc to the list.

“Trustees should actually know if someone who is trying to get you to invest with them are also trying to eliminate the pension system,” AFT President Randi Weingarten said in a telephone interview. “The centerpiece of Rauner’s campaign is the elimination of the defined-benefit plan.”

* Pensions and Investments

“Having earned millions as an asset manager of defined benefit plans, Rauner is now, as a gubernatorial candidate, calling for freezing the benefits of the state’s defined benefit pension plans and putting all new public employees in a defined contribution plan,” the report said.

The union’s first Ranking Asset Managers report, published last April, has been amended twice to remove six firms, including AQR Capital Management and KKR. Following the publication of the report, executives at both firms detailed their support for defined benefit plans in letters to their pension plan clients.

The full report is here.

- Posted by Rich Miller        


37 Comments
  1. - x ace - Friday, Mar 14, 14 @ 12:30 pm:

    “Fire in the Hole”


  2. - too obvious - Friday, Mar 14, 14 @ 12:43 pm:

    I hear the folks over at GTCR are really annoyed with their old boss Bruce. GTCR is used to gorging under the radar and Rauner’s campaign is putting far too much sunshine on the firm.


  3. - dogboy - Friday, Mar 14, 14 @ 12:43 pm:

    IEA and ASCME find themselves in a real quandery. Do they stay with “the devil they know, or dothey embrace” the unkown? Teachers and prision gaurds can wish all day long, but the devil is closer in the rearview mirror than they think.


  4. - 4 percent - Friday, Mar 14, 14 @ 12:45 pm:

    So wouldn’t that mean that Rauner would LOSE money from GTCR if Illinois went to a 401K style system because they wouldn’t be managing the money?


  5. - shore - Friday, Mar 14, 14 @ 12:53 pm:

    They’ve spent most of the last 4 years marching and screaming and even though I don’t like these people politically hitting the arne duncans with below the belt classless attacks. They haven’t shown any muscle in the elections games and I’m interested to see if they can do anything other than throw below the belt punches and hold up traffic with angry marching.


  6. - WirePoints - Friday, Mar 14, 14 @ 12:55 pm:

    Glad somebody else has noticed this. This campaign by the AFT raises huge First Amendment and other legal issues, which we wrote about here a couple days ago: http://wp.me/p2Oseh-2Nl


  7. - Norseman - Friday, Mar 14, 14 @ 12:58 pm:

    Seems appropriate. Talking about biting the hand that feeds you.


  8. - Meanderthal - Friday, Mar 14, 14 @ 1:00 pm:

    Not really a big deal. The unions don’t invest the money. The state pension boards make the investment decisions.


  9. - Dave - Friday, Mar 14, 14 @ 1:01 pm:

    Ha, so by their logic, they would endorse going with a subpar money manager if the other one openly supports defined-contribution plans? That makes about as much sense as a teacher’s strike saying ‘it’s for the kids.’


  10. - CollegeStudent - Friday, Mar 14, 14 @ 1:13 pm:

    ===Ha, so by their logic, they would endorse going with a subpar money manager if the other one openly supports defined-contribution plans? That makes about as much sense as a teacher’s strike saying ‘it’s for the kids.’ ===

    If you’re operating under the (likely correct) premise that a defined-contribution plan leaves you worse off than a slightly more ineptly managed defined-benefit plan, it makes perfect sense.


  11. - Pensioner - Friday, Mar 14, 14 @ 1:14 pm:

    ===Ha, so by their logic, they would endorse going with a subpar money manager if the other one openly supports defined-contribution plans?===

    Time for some truth telling here. ALL money “managers” should be abandoned in favor of index funds with their low low fees. Money managers are like car salesmen adding nothing of value to the product. Apologies to any car salesmen out there, but a valid statement.


  12. - Rich Miller - Friday, Mar 14, 14 @ 1:14 pm:

    ===so by their logic, they would endorse going with a subpar money manager===

    Um, I think you’re stretching their logic a bit there.


  13. - Walter Mitty - Friday, Mar 14, 14 @ 1:18 pm:

    Wow… How does this hurt Rauner? Yes, my job was to get great returns. I am now trying to run the state, this is what is best for the state, and what is worse for my firm…. That is how serious I am about NOT being a politician. Tough decisions need to be made… Then… Here they go… Public unions spending your money to keep the broken system… Repeat. If there is no data that says one of the other 3 have a chance…. This was the worst timing ever…


  14. - Mockingjay - Friday, Mar 14, 14 @ 1:19 pm:

    Mark Glennon did a detailed piece on this scandal — and it is a scandal — a couple days ago. http://wp.me/p2Oseh-2Nl


  15. - Johnny Q. Suburban - Friday, Mar 14, 14 @ 1:23 pm:

    ===so by their logic, they would endorse going with a subpar money manager===

    Not to mention how specious the idea of money managers being able to consistently outperform the market really is.


  16. - Grandson of Man - Friday, Mar 14, 14 @ 1:24 pm:

    The problem is that why did GTCR get into the defined pension business in the first place, if they’re so horrible for the state budgets? So they’re not horrible when GTCR is investing them, but they’re horrible now that Rauner is running for governor?

    “GTCR has $4.9 billion of commitments from U.S. public pension funds”

    The centerpiece of Rauner’s campaign is that “avaricious union leaders” have destroyed the state. That talking point dies rather easily when we see that his company has huge business with the pensions that “avaricious union leaders” have fought so hard for.


  17. - Louis Howe - Friday, Mar 14, 14 @ 1:33 pm:

    I have some experience in the investment management field, and believe a 401k plan is no substitute for a defined benefit plan. The idea sounds appealing, especially in rising markets, but the truth is that most individual investors will not only underperform the market, but also imprudently withdraw funds to supplement various living expenses. A 401k plan is fine as a supplement for Social Security and a defined benefit plan but should not be expected to replace them. It’s a fool’s errand.


  18. - too obvious - Friday, Mar 14, 14 @ 1:40 pm:

    I’m surprised it’s taken this long. I’m no fan of the public sector unions but I can’t blame them here.

    Rauner has made a fortune from union members. Where do people think those humongous management fees come from? Member contributions of course.

    So now Rauner uses those members’ own money to bash the very people who made him rich. It is absolutely unbelievable to me that Rauner has gotten as far as he has in this campaign.


  19. - Arthur Andersen - Friday, Mar 14, 14 @ 1:59 pm:

    I understand why the AFT does this generally but I don’t know how much impact it really has on a firm like GTCR.

    Unlike stocks or bonds managers, it’s practically impossible to fire or terminate a relationship with a private equity firm once an investor has committed the dough. Secondly, PE firms only raise money every 3-4 years and a tenured firm like GTCR has a solid investor base that will usually renew their commitment each time a new fund is raised if the performance is consistently good. Finally, for a pension board to make a decision on investment based on anything other than performance/financial considerations can expose them and the fund to huge liabilities.


  20. - VanillaMan - Friday, Mar 14, 14 @ 2:03 pm:

    Those horses are out of the barn. You don’t burn down the barn just because they got out before you could close the gate.

    What are these teachers teaching?


  21. - Downstater - Friday, Mar 14, 14 @ 2:19 pm:

    Sounds like the public employee union folks already know, Rauner is going to win the primary and most likely the general election.
    They are on a fools errand. If the GRTCR firm is doing a good job, who in their right mind would every want to firm them. I agree with the commenter above. What are the teachers teaching? They obviously don’t understand finances.


  22. - Grandson of Man - Friday, Mar 14, 14 @ 2:27 pm:

    “I’m no fan of the public sector unions but I can’t blame them here.”

    I’m a fan of your empathy. I’m glad you get it.


  23. - Read first, comment second - Friday, Mar 14, 14 @ 2:37 pm:

    ===so by their logic, they would endorse going with a subpar money manager===

    Um, no. Read the report, @Dave. Page 3 (emphasis mine):

    “In ADDITION to the PRIMARY economic considerations, pension trustees may also take into account certain collateral factors…”


  24. - Dave - Friday, Mar 14, 14 @ 3:07 pm:

    To all respondees, I’d have to disagree. Perhaps it would be a jump to specifically say ’subpar’ but by restricting available managers only hurts yourself when they should be rated on one thing, the plans actual return. I’m making no contention as to the merits of defined-benefit or defined-contribution but applying restrictions like this will only hurt themselves.

    I get the reasoning behind it but mathematically it’s not to their benefit. I would say this is similar to Rahm’s request to restrict investments in gun suppliers, again, I understand it but it only hurts.


  25. - Samurai - Friday, Mar 14, 14 @ 3:08 pm:

    Louis Howe - Friday, Mar 14, 14 @ 1:33 pm:

    ==I have some experience in the investment management field, and believe a 401k plan is no substitute for a defined benefit plan. The idea sounds appealing, especially in rising markets, but the truth is that most individual investors will not only underperform the market, but also imprudently withdraw funds….==

    I had a 401K and put all my money in Lason, Inc.


  26. - Mark Glennon - Friday, Mar 14, 14 @ 3:14 pm:

    Most of the comments here are missing the point, which is about something much bigger than Rauner and GTCR. The AFT list targets 28 other firms whose individuals have engaged in protected political speech the AFT doesn’t like, such as support for the Commercial Club and StudentsFirst. They seek to have pensions — state instrumentalities — enforce the blacklist. Yes, it has been effective, according to examples listed in the P&I articles, and the AFT report brags about some of its success. The First Amendment issues and other questions about statutes that bar this kind of misuse of government power should be obvious. Worse, isn’t this like using a bridge in NJ — a public asset — to punish protected political activity? http://wp.me/p2Oseh-2Nl


  27. - A guy... - Friday, Mar 14, 14 @ 3:15 pm:

    Samurai, Please don’t respond to any RFPs on this.


  28. - olddog - Friday, Mar 14, 14 @ 3:18 pm:

    === What are these teachers teaching? ===

    Kids.

    I’ll bet if you tried real hard, you could make your point without throwing off on teachers as a class. But that wouldn’t fit Rauner’s ideological agenda, would it?


  29. - CapnCrunch - Friday, Mar 14, 14 @ 3:24 pm:

    “In ADDITION to the PRIMARY economic considerations, pension trustees may also take into account certain collateral factors…”

    So you would accept a lower return on your investment if it met one of these other collateral factors? Wouldn’t that be a failure to execute your fiduciary responsibility?


  30. - the Patriot - Friday, Mar 14, 14 @ 3:27 pm:

    The unions have a choice. Go vote for Dillard or spend tens of millions on a 50/50 chance that a bad Governor in Pat Quinn can pull off another win. I have said a while these unions need to focus on getting their people to vote next week and explain to them why they must vote for Dillard. as of yet, they are not pushing votes at the Local level. If they don’t, they lose a lot of control and the next 7 months will be a war on public employees.

    If Rauner will really spend close to over 20 million of his own money or more, we could see a 50 million dollar 7 month media war. Good for Rich, bad for the other 10 million of us living in IL.


  31. - wordslinger - Friday, Mar 14, 14 @ 3:45 pm:

    The fund managers are a scam, anyway.

    You could get an intern to invest pension funds in an S&P Index at Chucky Schwab and you’d be just fine without the PE juice.

    It’s just another form of pinstripe patronage, like GO bond counsel or bond underwriting. Money for nothing.


  32. - Samurai - Friday, Mar 14, 14 @ 4:15 pm:

    A Guy==I would never consider it. Would prefer to rely on guys like Rauner and Mark Glennon.


  33. - Secret Square - Friday, Mar 14, 14 @ 4:21 pm:

    “A 401k plan is fine as a supplement for Social Security and a defined benefit plan but should not be expected to replace them.”

    It’s my understanding that this is exactly the purpose for which 401(k) plans were originally invented. The notion that they should replace instead of supplement pensions is a comparatively recent one.


  34. - Arthur Andersen - Friday, Mar 14, 14 @ 4:36 pm:

    word, I beg to differ. Warren Buffett is spot-on about index funds being a good choice for most investors, but he’s not saying put all your dough there.
    The unbiased data shows that over the long haul a diversified portfolio with stocks, bonds, and alternative investments like PE and real estate are the strongest performers. Heck, for a lot of us, real estate-the family home-is far and away the largest investment.


  35. - CollegeStudent - Friday, Mar 14, 14 @ 4:56 pm:

    ===“A 401k plan is fine as a supplement for Social Security and a defined benefit plan but should not be expected to replace them.”

    It’s my understanding that this is exactly the purpose for which 401(k) plans were originally invented. The notion that they should replace instead of supplement pensions is a comparatively recent one. ===

    Well, the involuntary capital infusions of the 401K system have done so much for the stock market that the financial community sees little reason not to double down on it.


  36. - Archimedes - Friday, Mar 14, 14 @ 5:21 pm:

    “Calling for freezing the benefits…” Actually, Rauner is calling for a reduction/cut in already earned benefits as well as freezing further service credits and future salary credit. Eliminating the automatic increase on already earned benefits is a cut by definition.


  37. - Mark Glennon - Friday, Mar 14, 14 @ 5:28 pm:

    WSJ now has a good piece on this. Again, this is not about whether Rauner is right on pensions: http://online.wsj.com/news/articles/SB10001424052702304185104579437631822576374?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304185104579437631822576374.html


Sorry, comments for this post are now closed.


* Where do these people learn to talk like that???
* Suarez stands by her ad, produces evidence
* Question of the day
* *** UPDATED x1 *** Lifestyles of the rich and famous
* A very good point
* Rauner outspent 2-1 on Chicago TV last month
* So far, it's still stuntish
* Politico report: Enyart slipping fast, Callis dumped
* *** UPDATED x1 - Another poll shows single digits *** Poll: Durbin with a single digit lead and slightly below 50
* *** UPDATED x1 - Suarez produces evidence *** A big swing and an even bigger miss
* *** UPDATED x1 - Dold response *** Schneider up with first TV ad
* This year's best test of party strength
* A boldfaced lie
* Rate Gov. Quinn's new TV ad
* SUBSCRIBERS ONLY - Supplement to today’s edition
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

          
        * Sony at IFA 2014: rumor roundup
        * Leaked pictures of Sony’s ILCE-QX1 to support E-mount lenses
        * China Mobile Begins Accepting Preorders for Unreleased iPhone 6
        * Lumia 830 leaks trump previous rumors, only 10 megapixel camera?
        * Galaxy Note 4 camera, working iPhone 6 leaks, iWatch times & more – Pocketnow Daily
        * Rooted Android devices being denied access to Barclays bank apps
        * Moto G2 retail box caught on camera at retailer’s warehouse?

        * Chinese Manufacturers Look To Windows 8.1 Tablets
        * Lenovo Y70 17” Gaming Touch Laptop
        * Lenovo Tab S8, Powered By Intel
        * Lenovo ERAZER X310 & X315: Affordable Gaming Desktop PCs
        * SoftBank’s Pepper Robot To Go On Sale In The U.S.
        * At $200, the Intel-powered Lenovo Tab S8 looks like a good value tablet
        * Implant Could Stop Seizures During Sleep

        * White Sox deliberate, but Rodon not called up
        * Mitchell not called up, but still in team's plans
        * Taylor eager to make most of September promotion
        * Abreu takes break from lineup in cautious move
        * Season Review: 2014 Charlotte Knights
        * White Sox call up Josh Phegley, Marcus Semien, Jordan Danks, Scott...
        * Prospect Rodon not among White Sox callups


        Main Menu
        Home
        Illinois
        YouTube
        Pundit rankings
        Obama
        Subscriber Content
        Durbin
        Burris
        Blagojevich Trial
        Advertising
        Updated Posts
        Polls

        Archives
        September 2014
        August 2014
        July 2014
        June 2014
        May 2014
        April 2014
        March 2014
        February 2014
        January 2014
        December 2013
        November 2013
        October 2013
        September 2013
        August 2013
        July 2013
        June 2013
        May 2013
        April 2013
        March 2013
        February 2013
        January 2013
        December 2012
        November 2012
        October 2012
        September 2012
        August 2012
        July 2012
        June 2012
        May 2012
        April 2012
        March 2012
        February 2012
        January 2012
        December 2011
        November 2011
        October 2011
        September 2011
        August 2011
        July 2011
        June 2011
        May 2011
        April 2011
        March 2011
        February 2011
        January 2011
        December 2010
        November 2010
        October 2010
        September 2010
        August 2010
        July 2010
        June 2010
        May 2010
        April 2010
        March 2010
        February 2010
        January 2010
        December 2009
        November 2009
        October 2009
        September 2009
        August 2009
        July 2009
        June 2009
        May 2009
        April 2009
        March 2009
        February 2009
        January 2009
        December 2008
        November 2008
        October 2008
        September 2008
        August 2008
        July 2008
        June 2008
        May 2008
        April 2008
        March 2008
        February 2008
        January 2008
        December 2007
        November 2007
        October 2007
        September 2007
        August 2007
        July 2007
        June 2007
        May 2007
        April 2007
        March 2007
        February 2007
        January 2007
        December 2006
        November 2006
        October 2006
        September 2006
        August 2006
        July 2006
        June 2006
        May 2006
        April 2006
        March 2006
        February 2006
        January 2006
        December 2005
        April 2005
        March 2005
        February 2005
        January 2005
        December 2004
        November 2004
        October 2004

        Blog*Spot Archives
        November 2005
        October 2005
        September 2005
        August 2005
        July 2005
        June 2005
        May 2005

        Syndication

        RSS Feed 2.0
        Comments RSS 2.0
        WordPress

        Loading


        * Quinn lives on minimum wage for a week..
        * Joseph Academy closes DuPage County location de.....
        * Quinn: High-Speed Rail Project To Get $102M Sta.....
        * Big momentum for a minimum wage hike..
        * Gov. Pat Quinn first to face felony concealment.....
        * Bruce Rauner seems to think Illinois voters are.....
        * New school year puts safety in the spotlight..


        * Study: Playing music helps sharpen kids' brains
        * EPA OKs FutureGen plan for CO2 storage
        * Kirk: US must take hard line against Islamic State
        * Gubernatorial candidates discuss jobs, veterans
        * Suburban Chicago man sentenced for killing infant
        * Rauner criticizes Quinn on veterans
        * Illinois woman rescued after day stuck in mud
        * First medical marijuana tally expected next week
        * School starts in Chicago with more safety guards
        * Climatologist says August warmed up in Illinois

        * Rauner criticizes Quinn on veterans
        * Gubernatorial candidates discuss jobs, veterans
        * Quinn: Eating crackers on minimum wage challenge
        * Illinois prisons struggle with backup power issues
        * State starts accepting medical marijuana requests
        * Audit finds state lax in reviewing eligibility for children’s health insurance program
        * Does the governor need to live in the Executive Mansion?
        * Statehouse Insider: Hands off investments
        * State of unions: AFSCME wins some, loses some on outsourcing
        * State of unions: Domination of Illinois' workforce becomes campaign issue

        * Jeb Bush to campaign here for Rauner
        * Anne Dias Griffin claims 'coercion' when signing prenup
        * Rauner's $100,000 question
        * Amtrak renews complaint against freight line over Chicago-Carbondale delays
        * A new, improved commuter bike for $325? Well, sort of


        * New school year brings changes to Gresham
        * IDOT political hiring is setback for Quinn
        * quit dragging feet on fracking
        * What was Ald. Pope thinking?
        * 30 years for man who smothered baby, tossed him in garbage
        * Three dead, at least 37 hurt in Labor Day weekend shootings
        * Four dead, 36 hurt in Labor Day weekend shootings
        * Kids pay the price for weak oversight of charter schools


        * Spokesman: Chicago police considering body cameras
        * Cops did not find suicide note of man who killed wife, disabled children
        * Surf park proposed for Montrose Beach
        * Woman sues company, driver in Friday's shuttle bus crash at O'Hare
        * Lawyer: Federal agents investigating shootings by Chicago cops
        * Woman in her 80s says in lawsuit she was trampled by runners at Little Italy festival
        * Family files suit blaming Port Barrington bar for fatal crash
        * Rauner declines to say how personal relationship with Emanuel will affect political one
        * Not guilty pleas in red light camera bribery scheme
        * Prosecutors: Man plotted obstruction after slaying off-duty cop


        * Dana Thomas House Drying Out, But More Water Works Needed
        * FutureGen Takes Another Step Forward
        * Decatur's Kirkland - From Beethoven To The Beatles
        * Big Predators In Illinois Inspire New Law
        * WUIS/SJ-R Business Report: Casey's Expansion; Parsons In Court; Farmland Prices Fall
        * Opposition Research Key Part Of Political Dark Arts
        * Digging up political dirt? That's their job
        * State Starts Accepting Medical Marijuana Requests
        * Newborn Found Alive In Jacksonville Trash Bin
        * DNR Releases Fracking Rules


        * Rauner criticizes Quinn on veterans
        * Quinn: Eating crackers on minimum wage challenge
        * Illinois prisons struggle with backup power issues
        * State starts accepting medical marijuana requests
        * Couple’s wedding gifts help the community
        * Angela Bertoni: How to raise awareness of domestic violence in October
        * Catherine Rampell: Tech firms’ poor record of diversity
        * Audit finds state lax in reviewing eligibility for children’s health insurance program
        * Does the governor need to live in the Executive Mansion?
        * Our Opinion: Driving into floodwater a deadly practice


        * Champaign recognizes citizen heroes
        * Overturned semi leaks fuel near New Athens
        * The Nifty Fifty: Prep soccer players to watch in 2014
        * Athletes of the Week: Grammer and Bauer
        * Man charged with aggravated robbery
        * Officers working outside of city concern aldermen
        * EPA OKs FutureGen plan for CO2 storage
        * Hayasaki comes up aces for Central
        * Ram moves on in doubles
        * Football fans have empty feeling


        * St. Charles North freshman Ernst excels at Elgin meet
        * Schofield, Kepski key for Carmel
        * New high-definition video scoreboard, some special seating for next season
        * St. Charles East handles West Chicago
        * Marmion, St. Edward's Mattas shine at Elgin Country Club

        * Roskam hires wounded veteran in West Chica...
        * Inactive Congress Discussed - Alton Daily ...
        * Roskam, Kirk speak to local business owner...
        * Roskam Talks Taxes - Alton Daily News
        * Nadler introduces resolution condemning an...
        * US Rep. Lipinski accepting service academy...
        * Dem Explains Why He Voted 'Present' on DAC...
        * Immigration dominates Lipinski's town hall...
        * Schock travels to India to promote humanit...
        * Congressman leads humanitarian trip to Ind...

        * Thomson Prison Staffing Continues With Job......
        * Sen. Dick Durbin on Election, Congress, More...
        * Sen. Dick Durbin on Election, Congress, More...
        * Sen. Dick Durbin on Election, Congress, More...
        * Sen. Dick Durbin on Election, Congress, More...

        * Kirk: US must take hard line against Islam......

        * My Fathers Day Present
        * Study: Businesses In Low-Income, Majority Minority Areas Struggle To Access Credit
        * Loan denied stamp
        * Election 2014
        * Guest Post: Harris v. Quinn: Another Nail In The Coffin Or Shot In The Arm For Labor?
        * Women's Rights Advocates, IL Lawmakers Rally For Reproductive Choice
        * Preckwinkle at Reproductive choice event
        * Reproductive choice event 2
        * Reproductive choice event
        * ISIS claims it has executed a second American journalist


        * When it comes to jobs and hiring, Pat Quinn is veteran unfriendly
        * Pat Quinn’s Blagojevich-style Hiring Hurts Veterans
        * Rauner Rolls Out Veterans Coalition
        * ICYMI: Capitol Fax: “A Very Good Point”
        * Like All Illinoisans, Veterans Are Hurting Under Pat Quinn




            Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller