Blagojevich signs budget that borrows from pension plans

Illinois governor Rod Blagojevich chose the easy way out in getting this year's budget approved:

From AP via the Belleville News-Democrat:

Gov. Rod Blagojevich on Friday signed what his aides say is a $54.4 billion budget that borrows heavily from pension funds for state employees to pay the state's current bills.

It goes from bad to worse...

But the public still doesn't know what deals were struck to make that agreement.

Blagojevich negotiated side deals with Democratic lawmakers contained in "memorandums of understanding" that still haven't been released.

Pork barrell spending, to be sure. And I fear, both in the private and public sector, the "S&L Crisis of the 1980s" will be replayed ast the "Pension Fund Crisis" of the 2020s.

I hope I'm wrong.