Moody’s Investors Service has updated its state-by-state pension liability report and if there’s one key takeaway, it’s that Illinois is the nation’s extreme outlier when it comes to pension shortfalls.
In a recent talk at Chicago's City Club, Senator Steans managed to endorse most every piece of double talk, gimmickry and evasion of responsibility we’ve seen on pensions from the Illinois General Assembly.
Improvement, finally! That's no doubt how many Illinoisans reacted to news about Illinois' latest audited financial statements. Take a closer look, however, to get a major lesson on how misinformation about our financial crisis is spread.