Illinois Governor Seeks to Sell State Buildings and other Assets to Pay Pensions

Read more on this subject: Illinois
News Story Source: https://moneymaven.io
Governor Prtizker released details of his plan to save Illinois. He made three of three of the worst possible choices.

Intergenerational Theft

The Chicago Tribuner reports Gov. J.B. Pritzker's administration considering selling state buildings and land to pay for pensions.

Bear in mind, assets like tollways are supposed to fund road maintenance, not pensions.

That's just the beginning of the Illinois madness.

Trifecta of Madness

Wirepoints funder Mark Glennon comments on the Illinois Trifecta: Prtizker Administration's Pension Plan for Illinois Will Center on Three Strokes of Folly.

What follows is a guest post by Mark Glennon.

Deputy Governor Dan Hynes today released the first details of the Pritzker Administration's plan for addressing Illinois' pension crisis.

The administration will pursue three of the worst ideas available:

First, the state will borrow to pay off pension debt by offering a $2 billion pension obligation bond. We and
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