New York City’s Pension Debt Is Driving It to Bankruptcy
Editor’s note — just as New York City goes, so goes Chicago and the state of Illinois.
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Editor’s note — just as New York City goes, so goes Chicago and the state of Illinois.
Read MoreBy Austin Berg: If lawmakers continue to balk at building the tools necessary to reform pensions, bankruptcy will be the only way out for communities across the state.
Read MoreBy Mark Glennon: Illinois is bankrupt. The state and many of its towns and cities sink further into insolvency each day — the facts and numbers are irrefutable.
Read MoreBy Jim Dey: Illinois finances are now — and have been for years — in desperate shape. How desperate?
Read MoreWhat can be done if Illinois is insolvent? Many will see the proposal outlined in my previous article as a ridiculous fantasy and politically impossible. To them I’d say that almost everything is politically impossible…
Read MoreYa think? “Doubling down” is exactly right. Here is Daniel J. Mitchell: In the face of a fleeing population, politicians in Illinois are doubling down on the policies that are driving people away in…
Read MoreMany eyes instantly glaze over at the mention of or news about “grassroots” level politics. Conservatives who don’t look to government or the political arena for their sustenance, tend to prefer to leave the…
Read MoreThis writer is not new to the Illinois political fray — and despite the “long train of abuses” we have suffered, I have never been more encouraged about the prospects for the success of…
Read MoreIf you’re in the mood for punishment, read the articles below about the “long train of abuses” we’ve suffered here in Illinois. If you have a weak stomach, you might want to just peruse…
Read MoreState government employee pensions have been overpromised. Excessive taxes in Illinois are putting a strain on Illinois families — and 25 percent of our state budget pays those overly-generous pensions. Now, policy experts Ted…
Read MoreAs one of those people who rarely watch our governor’s State of the State Address, the Bruce Rauner speech on Wednesday reminded me why most people don’t bother. Much like his performance before the…
Read MoreIt is not easy to decide which is worse: watching the Illinois Democratic Party candidates for governor debate, be interviewed individually, or slogging through their fantasy-filled TV ads or campaign websites. Generally speaking, those…
Read MoreIn a high tax state that’s bankrupt and losing residents, one might think that our government officials would have better things to do than legalizing pot (marijuana). And one would be wrong. Especially when…
Read MoreAs Illinois continues to lose population (we are now the sixth largest state, not the fifth), our politicians in both parties continue to run up debt and unfunded liabilities. Here is Meaghan Kilroy writing…
Read MoreBefore citing a few facts and linking to a few articles about our state’s corrupt pensions from the Illinois Policy Institute, let me outline reality in simple terms: the pensions systems cannot be fixed. They need…
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