Editorial: Pension buyouts have their place, but it’s a small place – Champaign News-Gazette*

"Proponents in both parties contend that the first round of buyouts has saved the state $1.4 billion in pension debt. That is a lot of money in total, but not much in the context of the overall $130 billion pension hole. An analyst for Fitch rating service, Eric Kim, summed it up by saying the buyouts 'chip away at a much larger problem' by using debt to fight debt."
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P. T. Bombast
2 years ago

There are also residential mortgage debt and education debt crises. Should IL borrow money to resolve (or partially resolve) those? How about the Social Security crisis? Then there’s the Climate Crisis and the Sea Level Crisis and multiple Lake Michigan Crises. Each of these does or will adversely affect one or another minority group. Many of these will be Old People or Gay People or Native Americans or (my favorite) Children. Then let’s not forget the Veterans and remember the Immigrants who need to learn English and be supplied with translators to attend their arraignments. Anyone attempting to establish a… Read more »

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Gov. Pritzker is using the threat of budget cuts to get more tax hikes passed – Wirepoints joins Tom Miller of WJPF Carbondale

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