Post Tagged with: "Illinois pensions"

October 11, 2013 06:30

The Rich (public unions) Get Richer on the Backs of the People

Dr. Leslie Heffez of the IL State Universities Retirement System, will receive a half-a-million-dollar pension in 2013 [and] more than $15,000 in an annual COLA

September 18, 2013 11:03

Chicago Nears Junk Bond Status – The Next Detroit?

Each Chicago household is on the hook for more than $61,000.

June 19, 2013 06:23

Illinois Highlights Public Union Pension Death Spiral

Taxpayer contributions to teacher retirements have gone up by 400% since 1998 and are expected to go up another 261% by 2045.

April 9, 2013 07:39

Illinois – Poster Child for Failed Leftist Government

Ruled by Democrats for decades, Illinois ranks 45th when considering fiscal policy, regulatory policy and personal freedom.

September 24, 2012 08:51

Only Hope for Bankrupt Blue States is Bailout Paid by Red States

Democrats and unions have controlled California and Illinois for decades. Now they are broke and facing bankruptcy. Their only hope is a federal bailout paid for by states that have been fiscally responsible. In Obama’s second term you can bank on more union bailouts to pay back campaign support.

January 4, 2011 13:52

World’s biggest bond fund head says avoid Illinois

Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co. in Newport Beach, California, said Illinois was one of the states whose debt he would avoid. “Illinois is probably in the worst shape,”

December 30, 2010 04:43

Illinois Governor Wants to Borrow $15 Billion to “Balance” the Budget; Illinois Total Unfunded Liabilities Exceed $200 Billion Already

The state of Illinois elected a Keynesian nutcase of epic magnitude in Governor Quinn. Quinn’s latest brainstorm is to borrow $15 billion to “stabilize things”.

June 17, 2010 10:49

Illinois school administrator to get $26 million pension!

You Thought California State Pensions Were Out Of Control? Wait Until You See This List From Illinois