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McConnell rules out pension aid for states, suggests bankruptcy instead

There's not going to be any desire on the Republican side to bail out state pensions by borrowing money from future generations. We'll certainly insist that anything we'd borrow to send down to the states is not spent on solving problems that they created for themselves over the years with their pension program.
-- Senate Majority Leader Mitch McConnell

Coming soon – pension obligation bonds
Coronavirus Is Making the Public Pension Crisis Even Worse
PDX is in trouble. Your city likely is, too