Monday, October 22, 2012

California and Illinois in a race to the bottom

Oh "woe is me" say California and Illinois, the two basket cases of unfunded public pension liabilities:

Finke: Poll: Don't blame public workers for pension woes - Peoria, IL - "It should be noted that The Associated Press reported on Oct. 8 that California, not Illinois, leads the nation in unfunded pension debt at $100 billion. But Illinois still has an $85 billion unfunded liability, more than twice as much as New Jersey, which is No. 3." 


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