Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Do it… Please. All that will happen is people who MAKE will be tired of supporting the pols and the people who TAKE. Once the youngest leaves high school, in less than 24 months, our family is out… What possible benefit is there in paying MORE taxes? In Illinois? Arguably, the only loss is the rich diversity of our architecture… There are other lakes, bazillions of decent restaurants – sold Sox tickets – well, for obvious reasons – and am tired of listening to the likes of Jesse Sharkster. Time to find a state that still believes in the American… Read more »
Nice ideas but will never happen in my lifetime