Tag Archives: Default

Debt Option #3: Bankruptcy

BANKRUPT: bank·rupt  /ˈbaNGkˌrəpt/ adjective: bankrupt (of a person or organization) declared in law unable to pay outstanding debts. . By all conventional measures, Illinois is bankrupt. The State Supreme Court would disagree, having said in its decision to strike down … Continue reading

Posted in Cost of Government, Public Pensions, State Government | Tagged , , , | Leave a comment

For Municipal Pensions, the Can Has Reached the End of the Road

Pensions are now cutting into essential services. This needs to be fixed, and there are no easy solutions. Continue reading

Posted in 2018 Election, Public Pensions | Tagged , | Leave a comment