Letter to the Editor: Pension Borrowing Is a Terrible Choice

The lack of leadership from elected officials in our state reared its ugly head again this week. Illinois will likely be stuck with another unbalanced budget, thanks in large part to two retiring Republican legislators.

The lack of leadership from elected officials in our state reared its ugly head again this week. Illinois will likely be stuck with another unbalanced budget, thanks in large part to two retiring Republican legislators.

State Representative Bill Black of Danville and Representative Bob Biggins of Elmhurst joined House Democrats in voting for a $3.7 billion borrowing plan to make the state’s annual pension payment. Instead of putting the pension contribution at the front of the payment line-where it belongs after years of neglect-and then allocating remaining resources to various programs, this plan takes the pressure off the General Assembly to balance the budget without gimmicks.

The irresponsible borrowing package was such a bad idea that leaders had to bring it up for a vote twice in order to pass it.

Then again, maybe it is easier to stick the next generation with a bigger bill when you’re retiring from office and won’t have to deal with the consequences next year and thereafter.

Unfortunately, taxpayers must continue to pay the salaries of elected officials who punt on the hard decisions instead of rolling up their sleeves to do the job they were elected to do-even the ones retiring.

Kristina Rasmussen
Executive Vice President
Illinois Policy Institute