Governor Quinn of Illinois is starting to talk like a Republican. He is actually proposing some sweeping pension reform for public sector unions in Illinois. In a stunning Chicago Tribune article states that Quinn proposes:
To help shore up the vastly underfunded system, Quinn called for a 3 percent increase in employee contributions and reducing the rate of cost-of-living increases. The governor also wants to raise the retirement age to 67.
This just shows you home much financial trouble the state of Illinois is in. If something is not done soon, the state will be unable to pay its bills. The democrat party has basically been the most union friendly party you can get. Now when Democrats begin admitting there is a pension problem and then start doing something about it, that is a major admission of public sector unions have really bled the system dry.
At the same time, I approach this news with caution. Quinn is still a democrat, and democrats always look to tax and spend. Quinn will find a way to screw this up. He could call for more borrowing, more taxing, and more spending. Like any Democrat, it is in their blood to tax money from someone else, borrow more than you can handle, and spend like there is no tomorrow.