Pension Bailout Or Bankruptcy? That’s Missing The Bigger Picture – Forbes

"There are huge disparities in how much of state budgets go towards basic day-to-day expenditures vs. the paying off of debts, such as, again, the 25% of funds that Illinois directs to pension debt. And there are proving to be equally significant differences in how states are responding to the pandemic; in some cases, trying to manage as prudently as possible; in others, spending aggressively with no seeming regard for where the money will come from. "