Jim Dey: "'Like all government budgets, these new projections are only about cash going in and out. They ignore growing debt, including growing unfunded pension liabilities, which are Illinois’ biggest problem. Illinois may fill its budget deficit as it usually does, but its true books haven’t been balanced since 2001,' warns Wirepoints financial analyst Mark Glennon."
They don’t care. They have no money woes. As long as the bond market is open at some cost, or the Fed Window, at some cost, they don’t care.