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.
Can’t believe that people were so taken in by this tax. Thinking it was FAIR was the first misnomer. WHO in their right mind believed that the Millionaires and Billionaires were going to take on the burden of the majority of taxes? Seriously? The last name PRITZKER or his gene pool are a good portion of that group nd there is no way in HE– that was going to happen. He pulled out his toilets so he could evade paying taxes. This was going to the middle class and everyone else. More payements for the mismanagement of the state by… Read more »