Tell Illinois officials you had enough

The State of Illinois is at a fiscal tipping point. For years, the State has spent beyond its means and ignored its unpaid bills and obligations. In 2011, Illinois faces a 12 BILLION dollar structural budget deficit. More than half of that – $7 BILLION – is related to generous pension and retiree health care programs for government workers that the State simply cannot afford. These generous programs will have racked up more than $140 BILLION in debt and unfunded liabilities by the end of this year. In Illinois, retirement-related debt makes up over 80% of the total liabilities of the State and its pension funds. These liabilities and the State’s budget gap put Illinois in a league of its own. http://www.examiner.com/will-county-libertarian-in-chicago/tell-il-officials-to-stop-think

Leave a Reply

Your email address will not be published. Required fields are marked *