Illinois has promised $166 billion in retiree health insurance benefits to public-sector workers over the next 38 years. Actuaries say the state should have $73 billion invested today so it can safely make those payments in the future. The problem is, the state hasn’t set aside anything at all."Illinois' Other Debt Disaster: $73 Billion Unfunded State Retiree Health Benefits." By Ted Dabrowski and John Klingner, ZeroHedge, 12/5/18.
A blog about Islamic intolerance and fanaticism; socialism; communism; government stupidity; and lying weasels everywhere, hopefully couched in vibrant and literate English and foreign words that make us look good.
December 5, 2018
Hard to believe.
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