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EDITORIAL: 'Trust me' doesn't cut it.

Chicago Tribune (Chicago, IL)

| June 02, 2006 | COPYRIGHT 2006 Chicago Tribune. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Jun. 2--Gov. Rod Blagojevich hatches a plan, practically overnight, to privatize the state's lottery and invest the estimated $10 billion in proceeds in education. The plan is so vague and risky it raises a thousand questions. An obvious one: How did you arrive at the $10 billion figure? Astonishingly, Blagojevich says he's not telling. He contends the financial estimate prepared by Goldman Sachs is "proprietary" information. "Releasing their work would be the equivalent of releasing a road map to bidders on how to bid less, and that doesn't make sense," said a Blagojevich spokeswoman, Becky Carroll. So ... just trust him? That might work in Shangri-La. It ...

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