Pensions & Investments considers this question, the recent proposal of Senator Jim DeMint (R-S.C.), and the state of Illinois' pension system in its latest online edition.The article includes my thoughts on whether Congress is right to be concerned and what form a bailout might take as well as interviews with union officials who dismiss the notion.
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- LA voters reject tax increase designed to save police jobs
- Will Illinois state employees still be allowed to blow off work?
- A contract Illinois cannot afford
- LA stares over pension cliff, glimpses insolvency
- Illinois residents pay more, get less, face a strike
- Illinois union "bulletin" maps out path to state employee strike
- AFSCME and Illinois -- Steps toward a Strike
- Teachers and Teachers Union Operatives
- Is Illinois a bigger default risk than Iraq?
- Sacramento takes stock of its debt in sobering report
- Legislators at the pension trough, part 2
- California's 'wall of debt' towers over tax revenues
- Are Illinois pensions protected by its constitution?
- The cost of pension neglect: NJ edition
- 2 scary charts about state, local debt