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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 Bankruptcy, Default, Pension Debt, Public Pensions
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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