IDES to begin borrowing funds from federal government to meet payment obligations – WGNTV (Chicago)

Illinois now joins eight other states who have either been approved to borrow or have begun to borrow funds from the federal government. Through the end of June, IDES anticipates borrowing approximately $300 million.
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Lyn P
5 years ago

The faster the Fake Money supply grows, the faster your personal money supply loses bankable value.

NB-Chicago
5 years ago

From other articles, its my understaning , illinois has been approved for highest in nation up to +$12 billion borrowing if needed loans from feds for unemployment benifits but this articale states the loans can be forgiven? So once again, is this bailing out irresponsible states like Illinois vrs a Wisconsin?

S and P 500
5 years ago

Philly Inq. had this hilarious piece about PSERS. The fund managers are totally lost and have no idea what junk to invest in.

https://www.inquirer.com/columnists/psers-coronavirus-chinese-bonds-20200620.html

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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