A group of business leaders in Chicago argue that the Prairie State's pension system is beyond repair and that putting more money into it amounts to fraud. According to them, the state's $83 billion unfunded pension liability and other debts that have exploded to an outstanding balance of nearly $200 billion, which is far beyond the state's means to pay. The state AFSCME affiliate has already threatened to sue if any of the group's proposals were enacted into law. But AFSCME probably has little to worry about as Democrats just won a veto-proof majority in the state legislature in last week's elections.
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