A U.S. Senator wants to send a message to states like Illinois that have accumulated large pension debts: Don’t look to the federal government for a bailout, TheCenterSquare.com reported. A newly-filed resolution by Sen. Tom Cotton (R-Ark.) states that Congress should not be responsible for bailing out fiscally-irresponsible states. Illinois’ pension debt has been estimated between $136 billion and $250 billion, by government officials and credit rating agencies.
