Wednesday, January 20, 2021

Tag: Illinois is Insolvent: State Requests a Pension Bailout From Congress

Illinois is Insolvent: State Requests a Pension Bailout From Congress

By
SGT
-
0

by Mish Shedlock, The Maven:

Illinois pension plans are in serious trouble. So serious, the states seeks a federal bailout. Cities are in trouble too!
The president of the Illinois State Senate seeks $40 billion to help the pension system, fund unemployment insurance and aid hospitals and cities according to the New York Times.

The letter, sent this week by State Senator Don Harmon, also seeks a $15 billion grant to “stabilize the state’s budget,” $9.6 billion in direct aid to Illinois’s cities, $6 billion for the state’s unemployment insurance fund, and hardship money for hospitals and nursing homes, among other things.

Read More
SGT Report is the corporate propaganda antidote. Providing exclusive original content and interviews with some of the best known voices in the world of economics and precious metals. SGT Report is your daily source for truth in a time of universal deceit.
© 2018 SGT Report | All Rights Reserved | Web Design by Web Based Coding, LLC