The in box. John Dillon on Nekritz’s Three Card Monte. « Fred Klonsky
The in box. John Dillon on Nekritz’s Three Card Monte. « Fred Klonsky:
by Fred Klonsky
Here are some considerations that Rep. Nekritz omits in her response to Ralph Matire’s suggestions. The General Assembly is already acting on borrowed time for the 2% increase the Democrats forced through an earlier lame duck session, an increase designed to sunset in 2015. With the current state of affairs in Illinois, the fiscal irresponsibility and scapegoating of nearly 600,000+ public sector employees; an assurance of a “next” Democratic governor is certainly questionable. Would-be governors are already gearing up for their runs in 2014. Are we all so sure that the end result will be a Democratic governor? Attacking the public sector workers will certainly make for a different election process in 2014.
Perhaps Rep. Nekritz might consider some other methods. By making the 2% tax increase a permanent fix dedicated for the state’s unfunded liability is to provide $7 billion for an initial payment to a bond issue for the unfunded liability – one for $96+ billion which could be paid back in 25 years. While Rep. Nekritz wonders at the possibility of selling such an amount of debt, the
