By: Mark Glennon*
Let’s hope every policy maker in Illinois has read America’s Greece? in The Economist this week.
It summarizes so much about our fiscal crisis: the true numbers behind our pensions, the unavoidable subject of bankruptcy for some cities, Bruce Rauner’s perplexing position that earned pension benefits should not be cut, and the reality that the pension reform bill now in the courts “does not even come close to addressing the problem.”
I won’t try to summarize because anybody interested in these things should read the whole piece, especially you, Illinois media.
*Mark Glennon is founder of WirePoints