Federal judge approves Detroit pension cuts
Federal judge approves Detroit pension cuts
A federal judge approved Detroit’s historic Chapter 9 bankruptcy, allowing the city to shave off $7 billion in liabilities from a total debt of $18 billion.
A federal judge approved Detroit’s historic Chapter 9 bankruptcy, allowing the city to shave off $7 billion in liabilities from a total debt of $18 billion.
"Just because you do not take an interest in politics, doesn't mean politics won't take an interest in you." - Pericles
Illinois is still seven years and 286,000 workers from recovery.
Exactly 900 more Illinoisans can expect to be laid off in coming months, according to notices filed with the state.
Not only is a state-based ObamaCare exchange not required by federal law, but it also contains many drawbacks for Illinois consumers and taxpayers.
If this Supreme Court strikes down the IRS subsidies in states without a state-based health-insurance exchange, Illinois employers and employees would see much-needed relief.
At the rate pension costs are expected to increase, by 2029 the state will spend more on retirement costs than on aid to schools.
The Quinn administration ordered that all caregivers must attend a training session hosted by SEIU in order to continue receiving Medicaid benefits.
"Freedom is the emancipation from the arbitrary rule of other men." - Mortimer Adler
Illinois taxpayers are the ones who must ultimately pay the price for crony deals.
In 2005, Alaska froze the state’s traditional defined-benefit pension plan and created a self-managed 401(k)-style retirement plan for new public employees and teachers.
A Supreme Court ruling striking down the IRS subsidies in all 50 states would provide an important opportunity for reform.