Illinois Is the Canary in the Pension Coal Mine

Illinois is a slow motion fiscal train wreck. But many in Illinois think that in the end taxpayers from outside of Illinois will pay for the lavish government pensions in a bailout.

(From Reason)

We might end up with some kind of Puerto Rico–style pseudo-bankruptcy or federal bailout. Everybody in the nation is now on the hook for Illinois politicians’ irresponsible decisions.”


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