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Union Label Stuck to $137 Billion in Illinois State Debt

Robert341 Wrote: Apr 09, 2012 10:42 AM
This is the Hope and Change public unions hope for in the Wisconsin recall. If they don’t recall Walker, and he gets the state on a sound fiscal footing, WI will suck jobs out of IL like a giant vacuum. I will link to this from my Old Jarhead blog. Robert A. Hall Author: The Coming Collapse of the American Republic All royalties go to help wounded veterans For a free PDF of my book, write tartanmarine(at)gmail.com

Illinois has combined $137 billion in pension and healthcare liabilities on top of $9 billion in current unpaid bills. Yet, Illinois legislators will not even ask 6-figure pensioners to pick up a portion of their health premiums.

The Chicago Tribune reports Surprise! You owe another $54 billion

If Springfield won’t ask six-figure pension beneficiaries to pick up a portion of their health premiums, what are the odds that state legislators will confront their pension monster?

The state of Illinois admits to $83 billion in pension underfunding, a staggering weight on today's...