Illinois Governor proposes federal bailout for his state

Illinois is one of the public union states that will one day need a federal bailout because of their pension shortfalls. Governor Quinn has now made that official by pointing out in his budget proposal that, “significant long-term improvements” in that debt will come from “seeking a federal guarantee of the debt.” ✧ Wonder how the governors of other states that have taken fiscal responsibility for their spending or “right to work” states will enjoy subsidizing undisciplined public union states like Illinois and California? Read more at the Rockford Register Star...

Related:
Wall Street Journal: An Illinois Pension Bailout? - Governor Quinn wants you to guarantee his state's pensions.
State Budget Solutions: Block any pension bailout now to force reform By Frank Keegan