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.
This constant testing of the waters to see what tax doesn’t generate howls of outrage is going to be the norm around here for many more years.
Whatever tax doesn’t generate loud, shrill screams of agony, will get the head nod of approval, and then will sneak into your bills that following year.
Dontcha love the Machine?
Also, Isn’t there a bill being sponsored to raise nursing home/ home health providers [ ie-seiu health) pay to min $25 hr. Its payolla time for seiu, afsme, etc