From the co-directors of the Fiscal Futures Project at University of IL: “Our analysis demonstrates that only by doing all these things — cutting spending significantly, raising tax rates, broadening tax bases, growing the economy — can Illinois get its fiscal house in order. But it will take at least a decade of sustained fiscal discipline to do so.”

Comment: Nice dose of reality. And to get that economic growth in the face of budget cuts and tax increases, there sure has to be an aggressive agenda of pro-growth reforms.