Standard and Poor’s Pension Spotlight on Illinois is Bad News For Taxpayers

LAKE BARRINGTON… State Representative Martin McLaughlin (R-Barrington Hills) from the 52ND House District released the following statement after reviewing the recent pension analysis put out by Standard and Poor’s this week.

Rep. McLaughlin said, “How come you haven’t heard about this report? Maybe because the Governor’s office, traditional media, and social media search engines don’t want you to know about it. 

“Dare I say it is an inconvenient truth for the narrative coming from the majority party and governor in Illinois? They continue to say everything in Illinois is just peachy.

“As a 30 year professional in the pension investment arena, I know we have a problem here.  I always say the first step to fixing a complex problem is to start by acknowledging the problem. How about we just start there?