ALEC: Illinois’ unfunded pension liability $533 billion – Center Square

The report singled out the structural pension issues in Illinois. "In some of the worst cases, states ignore the [actuarially determined contribution] and instead use state statute to contribute less than the ADC each year. Such is the case with Illinois. ... Illinois uses state statute to contribute less than its ADC payment, leading to the massive growth of unfunded liabilities. This practice did not change in FY 2019 or FY 2020."
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Lion's Choice
1 year ago

Time for Illinois to declare bankruptcy — now that Dementia Joe won’t be doing another Blue State Bailout

Hillbilly GOP
1 year ago
Reply to  Lion's Choice

Another teabilly GOP member that thinks a state can declare bankruptcy. Maybe they should use the Michael Scott method. “I DECLARE BANKRUPTCYYYYYYY!”

debtsor
1 year ago
Reply to  Hillbilly GOP

IL’s collapse will be long and slow and it needs another decade or two population Great Replacement before it collapses entirely. And when it does, it may happen so slowly, that you don’t even recognize it, as most of the state looks as run down as Cairo, Elgin, Marion, Rockford or Joliet.

Hillbilly GOP
1 year ago
Reply to  debtsor

Gotta throw out that white nationalist great replacement talk to let everyone know you’re part of the far right. If too many people don’t have white skin then the whole thing will fall apart. Teabilly GOP forever.

debtsor
1 year ago
Reply to  Hillbilly GOP

Your insinuations that I’m a racist mean nothing to me because you’re not a serious person. In fact, you are the one who puts the racist term in your name. Yes, hillbilly is a racial slur. Given that you’re a hillbilly, and dumb as a rock, you may not be aware that IL is a sanctuary state. IL has an official policy of welcoming poor, illegal immigrants into the state, and we promise them healthcare, food, shelter, schooling, driver’s licenses, and work (wink, wink!). Because of this, IL natives with means – of all colors and races – are leaving… Read more »

Last edited 1 year ago by debtsor

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