Quinn: ILL-inois pension debt only growing by $5 million per day

Fresh off his well-deserved booing at the the Chicago Blackhawks Stanley Cup victory rally on Friday, Governor Pat Quinn announced yesterday that Illinois' public pension debt is growing by only $5 million a day--it had been accumulating by $17 million every 24 hours.

Is Quinn being truthful? Perhaps not. For instance, Moody's, which regularly lowers Illinois' credit rating, claimed that the state's unfunded pension liability in 2011 was in fact $133 billion, not $81 billion, which is what ILL-inois said it was then.

When in doubt, always believe the money guys over the politicians.

Related post:

(Audio) Gov. Pat Quinn loudly booed at Blackhawks Stanley Cup rally

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