Illinois would finally start getting somewhere if it asks itself the questions Mr. Martin lists in this article Most importantly let’s honestly answer the question in his last paragraph first: “No, the 2013 pension bill and similar reforms to city pensions won’t come close to being enough to avoid fiscal collapse.” The first step in any form of insolvency proceeding is honest recognition of the scope of the problem. We haven’t even taken that first step yet.

The ‘B’ word mention is long overdue. Let’s get on with discussing that option for Chicago and its overlapping jurisdictions.

 

 

http://www.suntimes.com/news/martin/25527060-452/some-questions-on-bankruptcy-pensions-for-gop-gov-candidates.html