In a recent edition of Wednesday Journal, Jack Crowe wrote an imaginative column comparing our state capital and its workings to Dante's Inferno. Unfortunately he identified the state's pension problem, instead of the real culprit, as the cause of Illinois' fiscal woes. The true cause of Illinois' fiscal problems is the state's inability to generate sufficient revenue to fund its basic services.
Since passing the flat income tax in the 1970s the state has suffered through years of budget deficits which have resulted in the underfunding of the public schools, health care programs, etc., and in its inability to pay its vendors in a timely manner. An antiquated sales tax and corporate blackmail (give us huge tax breaks or we leave the state) have also contributed to the tsunami