Tag Archives: State Debt

There’s a “Red Menace” Made of Ink, and We’re Drowning In It

I published the following post last December. With the defeat of the Governor’s so-called “Fair Tax” amendment, it seems an appropriate time to bring it around again. . The Chicago Tribune has published the story of a family trying to … Continue reading

Posted in Cost of Government, State Government | Tagged , , | Leave a comment

Debt Option #1: Front-Loading Pension Payments

Long before I was elected to the House, I’ve been talking about Illinois’ pension crisis (here, here, here and here, to name a few). Since that time, our accumulated pension debt has risen from “just” over $100 billion to somewhere … Continue reading

Posted in Cost of Government, Illinois Budget, Public Pensions | Tagged , , | 1 Comment

What to Do About Illinois’ Debt (And Death is Not an Option)

With more than $7 billion of unpaid bills and (depending on who you ask) $130-$200 billion in unfunded pension liabilities, a credit rating hovering just above “junk” status and people and businesses fleeing in droves, there are no easy answers … Continue reading

Posted in Cost of Government, Illinois Budget, Public Pensions, State Government | Tagged , , , | Leave a comment