No way is Cutler coming back.

Appearing on Ken Davis’ Chicago Newsroom a few weeks back I made a prediction about the legal prospects for SB1, the pension bomb sponsored by the Illinois Democrats and supported by Republicans like Bruce Rahmer and the Representative from ALEC, Darlene Senger.

I told Ken that the impact of the bill on retirees was the poison pill for the bill. It doesn’t even offer a pretense of consideration.

Glen explains the issue of consideration in an important post today.

Simply stated, “Consideration is when a claimant promises something in exchange for the defendant’s promise, [or] the inducement to a contract, something of value given in return for a performance or a promise of performance by another, for the purpose of forming a contract…” (Law Dictionary).

Current retirees, many of whom will lose as much as 30% of our retirement savings over the next 20 years, receive nothing in exchange.

Very inconsiderate.

“The bill will go down,” I told Ken.

“Really? You think the courts will rule in your favor?”

In a moment of confusion and silly optimism I said they would.

On the other hand I picked the Bears to beat Green Bay and if they didn’t there was no way Cutler was coming back.