UNFUNDED INSANITY: Illinois Pension Debt Soars To $111 Billion

from ZeroHedge:

Pension debt in the Land of Lincoln is a big problem. So big, in fact, that it would take three years of a complete government shutdown, during which the entire general fund went toward pensions, just to break even. Illinois politicians have looted and mismanaged public-employee pension funds for decades. The system is no longer sustainable or affordable.

Read More @ ZeroHedge.com

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