Effective immediately, 100 percent of the Illinois state budget must be allocated to pay pensions, leaving not a single dollar for schools, public safety services, road construction and maintenance --- or anything else that is not a pension. Glenn warned of this very thing beginning in 2008. On this installment of Think Tank, Glenn and the crew take a look at the mind-boggling, utter incompetence and government overreach that caused this outrageous problem. Is there any chance Illinois can recover?
Watch the video for a sneak peek and answers to these nerve-racking questions:
• Will Illinois be the first state to go bankrupt?
• How did the economic situation in Illinois become so dire?
• What happens to the Illinois pension fund if the stock market tanks?