Tuesday, August 04, 2015

Is Illinois next? Puerto Rico defaults

Puerto Rico is plagued by reckless public-sector unions and Democratic politicians all to willing to give them what they want. Retired government workers are lavished with generous pensions. Politicians spend more than the commonwealth takes in. Just as in Illinois.

Yesterday Puerto Rico defaulted on its debts.

Is Illinois next? If lifetime politicians such as state House Speaker Michael Madigan (D-Chicago) and state Senate President John Cullerton (D-Chicago) get their way over Illinois' reform governor, Republican Bruce Rauner, it could be.

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