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Pritzker's Plan for Illinois Pensions: "Clever" Tricks - POBs, Pay More Later, and Asset Transfer  

by

8 hours ago

Sigh.

Well, if you’re going to go for the gold, you may as well throw in all the clever tricks.

I will grab from Wirepoints about the main “clever” ideas.

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 many others have already written very extensively on why pension obligation bonds are irresponsible. One...

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