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Tom Waits - Rare In-Studio KCRW Performance: The Fall of Troy

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Jocko's Rocket Ship3/15/2014 10:10:51 pm PDT

re: #53 Dark_Falcon

IL is not is not looking down the barrel, as you say. It is a long-term problem, using projected cost over decades that can be reduced in all types of ways . IL may have the highest borrowing cost, but it’s by basis points over the median.

I’m not saying IL’s pension problem is easily solved politically, but it is technocratically. It’s a difficult but not structural problem.