New Jersey’s Democratic Senate President Steve Sweeney is once again pushing to rein in pension costs, reports the Wall Street Journal.
“We’re broke,” he says.
Meanwhile, Sweeney’s counterpart in Illinois, Democratic President John Culerton, repeated as recently as June his nationally ridiculed line that there’s “no pension crisis” in Illinois. That’s while the state sinks $10 billion further into insolvency year after year, Chicago moves towards selling off its future revenue and smaller municipalities slash services across the state, all mostly because of pensions.
Equally important, Sweeney added, “Just throwing tax dollars at it isn’t going to fix it.”
Wouldn’t you like to hear even one Illinois Democrat say that?
Now, Senator Cullerton, we assume you know the first step towards recovery is admitting you have a problem.
So say it. Just say it:
And everybody in Springfield, all together now:
Just throwing tax dollars at it isn’t going to fix it.
–Mark Glennon is founder and Executive Editor of Wirepoints.