The Illinois Pension Crisis – Giving The Pensioners All State Assets

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by Martin Armstrong

The new proposal in Illinois is for the state to transfer its assets so that they are owned, not by the people, but by the state employees. These proposals will never solve the problem because no one will look at the issue long-term. If they hand ownership to state employees they still run out of money. Who then fixes the infrastructure? The final step will be to hand the tax collectors to the pensions. Then we have civil war — state employees v the people.

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