PPF says raise taxes to cover pension contracts. He is right the way the law is. A judge can order pensions payments but cannot make money appear that is not there. Only the Legislator can raise taxes.
Eugene from a pay phone
3 years ago
The Covid pandemic proved useful for IL. It allowed the Federal Gov. an excuse to print trillions of dollars to dump on the state to balance budgets. The entire nation helped bail us out. Fair enough because of the huge number of Illinois pensioners now living elsewhere.
Pat S.
3 years ago
Great job, Illinois! Leading from the bottom – we’re #1!
Even with that underfunded pension liability, JB claims that IL has a balanced budget. Try that with your family or business finances and see how far that gets ya.’
That’s the difference between government accounting standards and the
financial standard for citizens and business and how he gets away
with misleading the public.
And chances are excellent the reserved funds are invested in ESG (Equity/Social/Governance) products; historically low yield investments.
A largely unasked question is becoming glaring: Is Illinois doing all it should to use artificial intelligence to make government cost less and work better? So far, the evidence says no.
PPF says raise taxes to cover pension contracts. He is right the way the law is. A judge can order pensions payments but cannot make money appear that is not there. Only the Legislator can raise taxes.
The Covid pandemic proved useful for IL. It allowed the Federal Gov. an excuse to print trillions of dollars to dump on the state to balance budgets. The entire nation helped bail us out. Fair enough because of the huge number of Illinois pensioners now living elsewhere.
Great job, Illinois! Leading from the bottom – we’re #1!
Even with that underfunded pension liability, JB claims that IL has a balanced budget. Try that with your family or business finances and see how far that gets ya.’
That’s the difference between government accounting standards and the
financial standard for citizens and business and how he gets away
with misleading the public.
And chances are excellent the reserved funds are invested in ESG (Equity/Social/Governance) products; historically low yield investments.
Stupid chickens.