Tuesday, October 18, 2011

Should Illinois taxpayers care that state pension funds face imminent bankruptcy?

Should Illinois taxpayers care that state pension funds face imminent bankruptcy? - chicagotribune.com
Illinois' biggest problem is the state budget; the budget's biggest problem is the plush pensions for public employees; lavish pensions are a problem because of a constitutional clause that bans the "diminishment or impairment" of their benefits.
How did we get into this mess?

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