Look out, Chicago, look out, Illinois

Diversification - Investing

Diversification – Investing yes, but what if not enough eggs period? (Photo credit: 401K)

It’s your pension funds, stupid. Chapter 9 could be coming their way, and yours.

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By Jim Bowman, on 05/12/2012 at 9:02 am, under Econ, politics. Tags: , , . 2 Comments
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  • Jim Bowman  On 05/12/2012 at 10:17 am
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    Reblogged this on Chicago Newspapers.

  • Margaret McCarthy  On 05/12/2012 at 11:03 am
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    Chap. 11 is what I’d prefer as it allows for a cut in the pensions/automatic increases whereas Chap. 9 is less draconian.

    First we paid the govenment workers’ pension contributions which were squandered on “social benefits” for the dead-beat class so now we taxpayers are on the hook for replenishing their lavish benefits. Are we lucky or what? Oh, those pensioniers do not pay IL state income tax, so we are triple screwed.

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