Isn’t it a fact, that some states, such as Illinois, are facing crushing pension debts? And that these debts, as opposed to just funding ongoing operations, are the reason for their facing financial insolvency?
Thats the facts. Unions bought politicians who bought votes by a Giant Ponzi scheme. If they had not “borrowed” from the Pension funds for various social schemes there would not be a problem. Now its a scramble to find excuses for the embezzlement. But at this point the Titanic is half underwater, playing music on the decks is just background noise.
If the Feds bail them out, does anybody really think they will stop stealing the money?