An actuary’s perspective.

Comment: This legislation repeals the state’s Kyoto Protocol Act of 1998. It limited state action to reduce greenhouse gas emissions. However, the United States Senate effectively rejected the Kyoto Protocols by a 95 – 0 vote because they were so onerous, costly and unfairly excluded developing countries. But Illinois had put it into state law so it was bound by rules the federal government no longer intended to follow. In other words, what was rejected in Washington by an overwhelming, bipartisan vote had been just fine for Illinois.

Raise taxes and take on more debt, but do it gradually. Never mind reforms, corruption, hostility to employers and all the rest. Like the mythical frog, nobody will jump out, they seem to think.