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Why Congress should reject Illinois’ $44 billion request

APRIL 24, 2020 | by Adam Schuster | ILLINOIS POLICY INSTITUTE

By Adam Schuster, includes “… Congress should condition any additional aid for troubled states on taxpayer protections that ensure pensions are solvent, accounting is realistic and budgets are balanced. … Without strict consumer protections against risky bets, insider deals and other predatory behavior from state lawmakers, a bailout for Illinois or other states struggling with fiscal crises of their own making would be ineffective and harmful to residents already suffering under a broken system.”

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