Gov. J.B. Pritzker’s administration issued a plan Thursday to deal with Illinois’ chronically underfunded public pensions that called for injecting more cash from a proposed graduated income tax, spreading payments out over a longer period, adding $2 billion in debt and selling state assets that could include the Illinois Tollway.
Problem number one, you have reached infinity on your dose of longer periods. Then the state assets have no utility if government is bankrupt. Graduating the income tax puts you in competition with Trumpster who needs that money for interest payments. And wealthy liberals do not fund chronically corrupt government.
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