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Friday, June 21, 2013

Governmental Paralysis in Illinois: Behind the Underfunded Pension Crisis

Sometimes when a government’s fiscal matters get bad enough, dysfunction in the real power-relations at the highest level can suddenly become painfully obvious, or transparent, as when Toto pulls the curtain away to reveal the man behind the “all and powerful” Wizard of Oz. 

The complete essay is at Essays on Two Federal Empires.