Rauner Vetos, Rahm Whines
A picture is worth a thousand words:
- Chicago pension plans are massively underfunded to the tune of $18.6 billion. Yet, the Illinois legislature passed a bill that would actually reduce contributions to the fund.
Governor Bruce Rauner made the fiscally responsible decision to veto the bill.
As expected, Chicago Mayor Rahm Emanuel points the finger at the Governor instead of looking in the mirror to see what the real problem is.
This author also advocates municipal bankruptcy as a "solution" for Rahm and Chicago - not something responsible like cutting spending, handouts, construction, or reform. Just running up the debt, then having a federal judge sort it out in the end.