Tagged: illinois

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Illinois’ Fiscal Crisis Impacts Business

by James Hall Illinois has been shackled with a reputation of political sleaze from Chicago Wards and dishonest Aldermen to the bipartisan corruption of Springfield State Capital. The pattern of crooked government is a given....

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Illinois Considers $107 Billion Dollar Gamble

From Birch Gold Group Illinois is considering a last-ditch attempt at saving its public pension plan. We discussed before how the Midwestern state is the epicenter of the U.S. public pension crisis. They’re now moving toward...

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Larry Lindsay: “Unfunded entitlement liabilities take US Federal debt obligations closer to 300%, not 100%, which is > Greece’s debt.” A. Greenspan: “We’re not getting like Greece, we’re getting like Illinois.”

Larry Lindsay, 5/19/15: “Unfunded entitlemt liabilities take US Federal debt oblig’s closer to 300%, not 100%, which is > Greece’s debt.” A. Greenspan: “We’re not getting like Greece, we’re getting like Illinois.” Richard Fisher:...

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Illinois Supreme Court Rules Against Pensions

by Martin Armstrong The Illinois Supreme Court has used STRICT CONSTRUCTION to defend the State against State Employee pensions that have been bankrupting the State. Previously, back in 2014, the  Supreme Court ruled that health care benefits...

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The State Of Illinois Is “Past The Point Of No Return”

Authored by Carl Dincesen via StockBoardAsset.com, Summary Unless used for capital improvements, any new Illinois State borrowing, regardless of security structure, will amount to nothing more than kicking the can further down the road. Markets remain open...