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.
So, unless I am missing something, there are Federal Tax dollars that have been allocated and targeted to businesses to provide relief from the Covid ramifications. However we see that a State Governor, Pritzker in this case, can deny the funding that does not meet his or her personal guidelines despite the source of the funds being Federal tax dollars. Does this mean then that Pritzker can deny funds as punishment for those that did not support his defeated tax hike? Something isn’t right here because Federal Funds that are devoted to a situation should go to that situation regardless… Read more »