By Adam Schuster and Aneesh Bafna, from September 2021, includes “It is bad Illinois has the nation’s worst pension crisis, but state politicians have made it worse by using risky debt to delay the day of reckoning … the gamble rarely works out that way … Illinois has a long history with using the bonds as a strategy to address its underfunded pension systems. It hasn’t worked out well for taxpayers. … Pension obligation bonds allow politicians to use creative accounting to shift money from pensions …” (Note: See “From The Vaults” story below)