[frogjerk]

But is this the fault of the state employees? The pension agreements are the result of collective bargaining. That means that the state has every opportunity to properly calculate the anticipated lifespan and then add on some margin for error. What’s more, the losses taken by the pension funds over the past few years can hardly be blamed on the employees.

The Unions donate to the Democrats who in turn use the taxpayers money to fulfill the state's unsustainable obligation. When we reach the point that the state can no longer fulfill the obligation then the system goes bankrupt and "poof" go the obligations into bankruptcy. This doesn't seem very moral to me.

[Sherman Logan]

As I understand it, there is no provision for states to actually go into bankruptcy.

However, at some point their checks will just start bouncing and suppliers will stop doing business with them.

I believe IL is very near this point now.