Illinois to Spend More on Pensions Than on Education

[Torie]

So when Illinois can't borrow anymore, it does what? Assuming pensions are not further touched, state operations would look like what in order to balance the books? Must you empty out the prisons, or what?  In other words, can the state function somehow with that level of non pension cutbacks without going into supernova mode?

Or do you just raise taxes some more, and bribe industries to stay that you want to stay as part of a crony capitalism regime?  Pity states can't BK.

In short, what's the f'ing plan Mike?  

[Torie]

I wonder if a certain assemblyman in Illinois has an opinion as to when one might expect the Illinois bond rating to take another dump given the course that has been set under the spell of the Sirens.  Yes, it does seem that this movie needs a crash and burn scene to keep the plot going.