Don't Bail Out the States

The state of Illinois faces the worst pension fund shortfall in the nation. Terrifying as are the state's unfunded liabilities, however, it also counts one imposing asset: an Illinois president in the White House. Will President Obama say "yes" when Illinois comes asking? Not if he listens to Brett Joshpe at Forbes.com:
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Published on February 21, 2013 10:59
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