Illinois Baby Steps on Pension Reform

WSJ yesterday. Illinois Policy Institute's Kristina Rasmussen today in Big Government: National Backlash Against Public Pensions. The Journal notes the hill we have to climb:

In other words, the state only has about 35 cents for every dollar it must pay in the future. If Illinois were to devote every penny for three years from its income and sales taxes, it still wouldn't have enough to met these unfunded liabilities. No wonder the state's credit rating is the second worst in the nation, behind only California.

Do we rate with Kazakhstan?

We can do better. It's no coincidence Illinois Republican gubernatorial candidate Bill Brady is leading the incumbent Dem in polls leading up to the November election. Even Dems in New Jersey, under their new Republican governor, are ashamed and taking bigger steps.