Monday, September 21, 2015

"Anatomy of a failed liberal state"

"Anatomy of a failed liberal state":

Stephen Moore:

. . . Chicago is the canary in the coal mine when it comes to the government pension crisis. Pensions to retired teachers and state employees are bleeding the state dry. Since 2006, annual pension payments have grown tenfold, from $60 million to over $650 million. A state budget office spokesman tells me that “nearly one of three state tax dollars now goes to paying pensions for retired municipal and state employees.”

by Craig via Newmark's Door