Steven Malanga: How Retirement Benefits May Sink the States - WSJ.com
Chicago Mayor Rahm Emanuel recently offered a stark assessment of the threat to his state's future that is posed by mounting pension and retiree health-care bills for government workers. Unless Illinois enacts reform quickly, he said, the costs of these programs will force taxes so high that,
"You won't recruit a business, you won't recruit a family to live here."
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