On Monday, the Insitute for Illinois' Fiscal Sustainability (IIFS), an outfit associated with the Civic Federation, a "nonpartisan" organization which appears to have leftist instincts and funding, warned that the state government's $8 billion stack of unpaid bills will grow to $22 billion in five years. IIFS correctly blames out of control pension costs, and recommends several reforms which don't seem to match the urgency of the situation.
One thing the report doesn't do, concerning which the press appears to be completely incurious, is estimate how long it will take vendors in President Barack Obama's Democrat-dominated home state to get paid if the backlog of unpaid bills really becomes that large. The answer, in brief, is: "so long that no one with a brain will want to do business with the state, likely causing its government to completely collapse."












