I’ve been following for some time, in the state I live in, the health of its public pension system, and it’s been teetering on the brink for some time. While it’s a disaster waiting to happen, at this time it’s nothing compared to the imminent crisis faced by Illinois, which is close to becoming the first state in the U.S. to have its credit rating lowered to “junk” status. Besides Illinois, other states facing credit liabilities are Arizona, Connecticut, Kentucky, New Jersey and Nevada, among others. If […]

More info