Dead horse

Illinois Governor J.B. Pritzker is taking a page out of his predecessors’ pension-fund playbook -- and he’s trying to learn from their mistakes. The Democrat’s budget plans Wednesday proposed sell $2 billion of bonds to inject cash into the state’s retirement system, a tactic tried in 2003 that failed to stop the swelling pension-fund debt that’s pushed Illinois’s credit-rating to the cusp of junk. 
But his deputy governor, Dan Hynes, said it won’t be a way for the government to shirk its annual contributions to the funds, as happened after Governor Rod Blagojevich’s record $10 billion debt sale sixteen years ago.

They have no counter party negotiating, it is all over.