A U.S. Bankruptcy Court has given Stockton, California, Chapter 9 bankruptcy protection, foreshadowing the coming battle that Illinoisans could face as government worker pensions and retirement costs overwhelm the budgets that fund them.
http://illinoisreview.typepad.com/illinoisreview/2013/04/the-stockton-crystal-ball-what-a-pension-guarantee-will-do-to-illinois.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2Fdlacomb%2Fillinoisreview+%28illinoisreview%29
http://illinoisreview.typepad.com/illinoisreview/2013/04/the-stockton-crystal-ball-what-a-pension-guarantee-will-do-to-illinois.html?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+typepad%2Fdlacomb%2Fillinoisreview+%28illinoisreview%29
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