Bankruptcy Code Amendments Should Now Be Illinois’ Imperative – WP Original

  Illinois is falling further behind the curve by ignoring the inevitable. It’s priority should be influencing Congress to amend the Bankruptcy Code to make it a fast, efficient, predictable means to a fresh start, with the general public’s interest made paramount. By: Mark Glennon* In the dozens of articles you probably read in the last few months about our fiscal crisis, what’s the universal omission? A solution. No analyst, officeholder or commentator has offered one. No combination of survivable tax increases and spending cuts can solve Illinois’ consolidated state and local fiscal insolvency. There is none — unless debt,

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How Bernie Sanders’s Socialism Funds Massive Income Inequality [In Illinois] – American Thinker

In Illinois, the top beneficiary is Leslie Heffez, an oral surgeon who retired from the U. of Illinois at Chicago (where Donald Trump had to cancel one of his rallies), receiving an annual pension of $547,000. If he lives to age 81, he’ll get $18 million from taxpayers. Today, 50% of the cost of tuition at Illinois public universities goes to pensions. This means half of the student loan debt goes only to support ex-university employees who no longer work and saved little for their retirement. While this is the highest pension, the average is $71,600, and each retiree will

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