POLL: Who Is To Blame For Illinois' Pension Mess?

The state's credit rating recently was downgraded because of an unfunded pension liability of $83 billion.

Illinois' inability to deal with its pension problems led Standard & Poor to drop the state's bond rating this week, the Washington Post reported.

The state's unfunded pension liability has surpassed $80 billion, WGN TV reported. The TV station reported that $12 million is added to that liability every day.

The Chicago Tribune reported that Illinois has the second worst credit rating of any state in the country. Only California is worse and Standard & Poor believes that state is headed in the right direction. The Tribune reported that Illinois is not – noting that the unfunded pension liability is on track to hit $93 billion by next summer.

The Tribune reported that Quinn has been pushing for reforms, but the legislature has been unable to agree about what should be done. The newspaper noted that Quinn might use his veto of gambling expansion in the state as a way to push the legislature to deal with the issue.

In July, a Quinn plan to have workers and retirees relinquish an annual automatic 3-percent cost-of-living increase failed, the Sun-Times reported. In August, the Legislature failed to take action on several proposals meant to fix the problem.

Richard Schulte September 05, 2012 at 07:12 PM
Sully 8:35 pm on Wednesday, July 25, 2012 No Richard, only YOU are stupid enough to discount every single thing you see or hear just because that's what Rush says. You have not one independent thought in your brain; no critical thinking skills (and no, I don't care about your credentials or the high opinion of yourself as engineer or a consultant. Funny, Rich, that someone as world renowned as you had a house foreclosed on, and you couldn't find any work. I guess you've just been blackballed.). You would never dare question anything your right wing heros tell you. I'm guessing you're a big fan of Michele Bachmann, and her current hunt for the big bad Muslims taking over our government.. And we all know Sarah Palin tells the truth and nothing but the truth. Only democrats lie. The republicans are much too pure to tell an untruth (although Pennsylvania repubs told the truth about voter fraud, but they don't care). Pitiful.
Richard Schulte September 05, 2012 at 07:14 PM
Sully 5:57 pm on Wednesday, July 25, 2012 That's right McCloud. It doesn't matter how many times something has been disproven or proven. Some people just can't change their minds. Most likely because that would require original and independent thought produced by the individual rather than taking someone else's word as gospel. That's why there are those who will actually vote for Romney.
Carol September 05, 2012 at 07:15 PM
It's anti-American to call any politician with whom you disagree "anti-American." Grow up.
Richard Schulte September 05, 2012 at 07:15 PM
Sully 7:28 pm on Tuesday, July 24, 2012 Still deflecting by attacking the source. You have nothing, Richie.
Richard Schulte September 05, 2012 at 07:19 PM
Sully 3:24 pm on Tuesday, July 24, 2012 Is that what you've got? Is that the proof I said whatever it is you claimed I said. Geez Rich, you can do better that. http://readersupportednews.org/opinion2/271-38/12588-focus-global-warmings-terrifying-new-math Keep ignoring the facts, Rich. In the scheme of things, it really doesn't matter. The fact that you're so easily manipulated by the right wing only shows your mind is closed to anything that doesn't fit in your own narrow world. Hardly worth bragging about.


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