GOP Senators storm out of budget committee

Angered by the treatment they'd received from the majority Democratic lawmakers, Senate Republicans stormed out of a Revenue Committee meeting Thursday evening that'd been called to debate and vote on a massive pension borrowing scheme Senate Democrats and Gov. Rod Blagojevich hope to use to balance the budget.

The state owes itself billions in pension payments that have been skipped over the years. It's kinda like skipping your kid's college fund payments, the longer you let it go and more you skip, the more it's gonna cost down the road. Imagine skipping billions in payments ... for years.

But it's "soft" debt, money the state owes itself so it's often overlooked.

Read more at Animal Farm blog.