Rahm’s big confession – Quicktake

In the Chicago City Council discussion Tuesday about the budget it passed, Mayor Emanuel was asked what the plan is to deal with big looming pension payment spikes. We have never run away” from doing what’s needed and “when we have to come to that moment…will answer that question.” That’s according to a Tweet by The Bond Buyer’s Yvette Shields. In other words, he doesn’t have an answer. Nobody does. What that’s referring to is the up-ramp in taxpayer pension contributions that the city faces starting next year, haven gotten the legislation it wanted this year to kick the can

Read More »

It is time for a fair tax for Illinois – Opinion – State Journal-Register

Comment: Like other progressive income tax proponents, this author doesn’t have any numbers about how much more revenue would be raised and how much it would cost the top 10% to 20% to pay for tax cut for others and for shouldering all Illinois’ fiscal problems. Nor does he mention that revenue from this wouldn’t arrive for at least another five years.

Read More »