Illinois Dems' $41 Billion Demand Includes $10 Billion Pension Bailout That Has Nothing To Do With Coronavirus
By Rick Moran April 19, 2020
Illinois Democrats are demanding $41 billion from the federal government for coronavirus relief, including $10 billion for Illinois's cash-strapped and underfunded public pension plan. The most fiscally mismanaged state in the union that has criminally neglected funding its public pension fund for two decades wants Washington to pull its chestnuts out of the fire?
Certainly, states should get something. But what Illinois is asking for is shocking.
Chicago Sun-Times:
“I realize I’ve asked for a lot, but this is an unprecedented situation, and we face the reality that there likely will be additional, unanticipated costs that could result in future requests for assistance,†Harmon wrote on behalf of the state senate Democratic caucus.
Harmon’s federal wish list for the second phase of federal coronavirus relief includes $15 billion in block grant funding to shore up the state’s spending plans for this fiscal year and the next two.
The Oak Park Democrat also asked for $10 billion for the state’s desperately underfunded pension plans.
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