-By Warner Todd Huston
The Illinois Policy Institute recently released its recommendations for how Illinois could fix its pension mess. Titled the Pension Funding and Fairness Act, the IPI assures the state that this is the answer to its pension problems. Despite that assurance, another Illinois policy group begs to differ. In an Illinois policy group head-to-head smack-down the Illinois Alliance for Growth* has published a critique of the IPI proposal resulting.
One of the proposals in the IPI plan is for Illinois to borrow $20 billion to tide the pensions over while the state legislature makes the needed adjustments to the pension laws. IPI Director Jim Tillman is saying that his plan is a case of “responsible borrowing” a claim that the IAFG finds risible.
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Dueling Illinois Policy Groups: IAFG Smacks Around the IPI”