Key details about lawmakers' pending votes on plan to address Illinois pension crisis

  • Article by: Associated Press , Associated Press
  • Updated: December 2, 2013 - 6:10 PM

SPRINGFIELD, Ill. — Illinois lawmakers are convening in the state Capitol for what could be a historic vote to finally close the gap on the state's $100 billion unfunded public pension shortfall, which is considered the nation's worst.

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ciamanDec. 2, 13 8:35 PM

The pension in Illinos has been one of the worst stories in America. So now the state is going to cut the pensions that the workers were promised that they would get. Less money for them means less spending for all. And in the future, those same corked workers will get fewer in dollars in the now and in the future. Then, the unions say they will sue this plan and that will do nothing to help that state. When the money is gone, then you cannot spend the same money twice. It is clear that the unions do not know much about accounting. This time, they are wrong when the cupboards are bare. I feel bad for the retired or near retired people whom were promised (is that now the in thing?) their pensions. But there is no way for the state to bring down all the money to keep their promises. Sad but true.

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mauianDec. 3, 13 3:25 PM

ciaman, you claim "But there is no way for the state to bring down all the money to keep their promises". I'd like to wager that I can easily find 100 billion dollars of waste and/or pork in the Illinois budget. Easily. VERY easily. $500K in construction for Lincoln Historical sight, $365K to teach people to fish, $35 million to promote Obamacare, Millions for the Cook county Correctional facility, $45 million wasted by DHS for Project Sheild.......shall I go on?

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