Why bother? The federal government will bail out their pension deficits with federal funds, just like it did recently for the Teamsters’ pension funds.
I think Illinois needs to raise taxes a whole lot more, right, residents?
Sickening.
No bailouts for lazy ass government employees. They need to feel the consequences of their decisions. Those that made better choices with their lives should not have their hard earned dollars forcibly confiscated to benefit the incompetent and lazy. Anyone that has problems with what I wrote, I suggest you stop living off the teat of real Americans and get a job in the private sector. You have no shame.
Illinois will likely expect the Fed to bail them out. I hope it doesn’t happen, because Illinois voters supported extremely generous state employee pensions. It was common knowledge in Illinois even 30-40 years ago that state jobs paid much better than the private sector, offered great benefits, and guaranteed extremely generous pensions. Illinois politicians handed out largesse like there was no tomorrow and earned the loyal support of state workers in return (similar to what Democrats do at the federal level). In a sane world, economic reality would force Illinois to renegotiate for more reasonable, sustainable pensions, not impoverishing pensioners but requiring them to live within what taxpayers can reasonably afford to pay for the services that were provided.
Wait a minute. Jelly Belly Pritzker just said in his winning campaign that he has balanced the budget these past few years. So how can Illinois possibly be in financial trouble!?! /s
Chump change, here in California it is 1.5 TRILLION!!!
Nothing that the Democrats can’t fix with some of your federal tax money.
The shit hole that is Illinois is much like the problem in Georgia, one huge democrap stronghold city that controls everything in the State, including elections. Until States like this can figure out how to rid themselves of their democrap boat anchor, they are doomed.
All he needs is some more lockdown money from the federal debt to keep the Pritzker/Ponzi scheme going. I wonder how much of the existing Illinois pension fund got invested in FTX.