GUEST EDITORIAL: Pensions keep Illinois in fiscal turmoil
Goodbye to Illinois’ $130 billion pension hole. Now it’s $133 billion. And getting deeper. Sometimes the clearest warning about Illinois’ fiscal crisis can be communicated using numbers, sometimes with a well-chosen phrase. Here we present both, as reminders during the period before a new Democratic governor takes office with a Democratic mega-majority, that the state’s messes will only worsen. Until lawmakers take decisive action. First, the awful numbers: For several years we’ve cited the figure of $130 billion to represent Illinois’ […]