Illinois: corruption, regulatory capture, unions, and pension promises

We’ve discussed Illinois’ catastrophic pension situation in these pages on several occasions.  Wirepoints has now conducted an in-depth study of the situation, and points out that the narrative being portrayed by the state government, unions and the mainstream media there is simply not correct.  The problem is that unions have been promised largesse by the state that simply can’t be afforded. One graphic perfectly captures the absurdity of Illinois pensions over the past three decades. In 1987, pension promises made to active workers and retirees in the state’s five state-run pension plans totaled just $18 billion. By 2016, they had ballooned

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