Puerto Rico’s ‘bankruptcy’ a warning to Illinois By Ted Dabrowski, John Klingner 05/05/2017 Illinois needs to enact structural spending reforms to avoid following Puerto Rico down the path to insolvency. TAGS: budget, credit rating, debt, municipal government, municipal pensions, pensions, Puerto Rico
Obama urges Congress to pass law letting Puerto Rico declare bankruptcy, time to let Illinois do the same 06/30/2015 If the White House wants to give Puerto Rico the right to bankruptcy, it should extend the option to all states and territories. TAGS: bankruptcy, Puerto Rico
Illinois politicians should take note as Greek, Puerto Rican debts blow up: ‘This is not politics, this is math’ By Michael Lucci 06/29/2015 For Greece and Puerto Rico, avoiding sustainable solutions has lead to fiscal ruin. When will Illinois’ lawmakers stop whistling past the graveyard? TAGS: budget, Chicago, debt, pensions, Puerto Rico
Lessons from Puerto Rico: the problem with big pension debts and little solutions By Ted Dabrowski 03/31/2013 Too bad Puerto Rico isnt a state. If it were, Puerto Rico, and not Illinois, would have the nations worst-funded pension system and the countrys worst credit rating. TAGS: credit rating, debt, Puerto Rico