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.
Illinois already has one of the highest regressive tax burdens in the country
This impacts lower income citizens unfairly Freeing the Governor to raise income tax rates which he will do will further burden citizens. Democrats have been screwing them for years IT HAS TO STOP NOW!! Demand a constitutional amendment to fix the pension disaster