Translation: Stick it to the taxpayers.
“The hole is so deep the state has in recent years had to reserve up to $7 billion - or one-fifth of its operating funds - to keep pace.”
Raise taxes. Why is this so difficult? That 1% in Chicago can cough up another 20 billion or so.
“diminished or impaired pensions”
What’s the problem with that? Lots of pensions were just out right gone during the corporate raiders and savings and loan crisis days. Time for the unions and public employees to learn how the rest of our workers get treated:
Here today and gone tomorrow. I know lots of people who at the age of 50 had to just start over - new job - if lucky enough to find one, and start from zero on pensions.