This week, State Treasurer Dan Rutherford drew a line in the sand. Dismissing shortsighted calls for more borrowing, he pledged to warn would-be lenders against extending more credit to Illinois’s spendthrift state government. I spoke with Rutherford about his stand; listen in.
Much of the state’s borrowing in recent years has been for government employee pensions costs – which are climbing annually. But this pattern of borrowing for pensions could someday halt if a pension reform proposal succeeds in Springfield.
Pension reform language was just posted at the statehouse. Collin Hitt read the bill and offers up his review here. Simply put, a vote for pension reform will brighten this state’s future – a vote against it will push Illinois further into economic decline.
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Illinois Pension Reform One Step Closer”