“The hole is so deep the state has in recent years had to reserve up to $7 billion - or one-fifth of its operating funds - to keep pace.”
Raise taxes. Why is this so difficult? That 1% in Chicago can cough up another 20 billion or so.
They should raise taxes. And the Republicans should let the masses know the reason for the tax increase. I think after raising taxes it will be much easier to get voter support for aggressive pension reform.