Tag Archives: Pension Debt

There’s a “Red Menace” Made of Ink, and We’re Drowning In It

The Chicago Tribune has published the story of a family trying to obtain services for their autistic son, who “aged out” of Illinois’ special education system when he turned 22, and was put on the State’s “Prioritization for Urgency of … Continue reading

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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

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It’s Not the Pension (Entirely), It’s the Debt

“If something cannot go on forever, it will stop.” – Herbert Stein’s Law In his budget address this week, Governor Rauner made big news by proposing that the employer portion of the normal costs of teacher pensions be shifted from … Continue reading

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