Pension questions

Am I the only one who is a little nervous about what is happening in Springfield this week? As I understand it, Blago and the boyz are defering payment to the (non-Chicago) Teacher's pension funds and spending the "savings" on other pet projects. As the republican party in Illinois has ceased to be anything other than a lapdog to the democrats, no one is raising much of a fuss aside from a lone voice pointing out that this is like putting future payments to the fund on an 18% interest credit card. How soon until this bad idea spreads to City pension funds?