I agree. Pensions are a contractual obligation. I hope Illinois raises taxes enough to fully fund these pensions. Maybe the Illinois socialists will learn when Chicago turns into Detroit. It’s a long shot but what else can be done?
I agree. Pensions are a contractual obligation
A contract based on Fraud is not a Contract and is wholly void. It is a mathematical Impossibility to honor these said contracts, by definition they are FRAUDULENT!!
IL is getting desperate for money. They were considering taxing out of state people who work in IL so that they would be pay taxes in both states. When they figured out that neighboring states might decide to do the same to IL workers, that put the kibosh on that. For now.
Bonds are as well, even more so. Eventually this will result in a default.
This contract can be broken.
I hope Oklahoma is blown away in a tornado!