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.
VOTE YES, pensions need to be funded.
Taxpayers always pay the bills, let the rich pay more.
If they do not like they can move.
This is so obviously written as ridicule since its clearly not “you” if one has seen all your prior postings. Still, for those who take its as your real position I think something that’s been said numerous times needs to be said again; the “rich” pay a disproportately larger amount of state income taxes already with the flat tax system. To expect them to pay even more by enabling the progressive state income system is sheer madness as they will see it since they would presumably pay even larger amounts. That is a disincentive to keep many of them to… Read more »
James it really is me. The taxpayers can stay and pay for a pension luxury home in Florida or Move and pay for their own luxury home in Florida.
Illinois has killed the golden goose long ago, it is dead as it can get.
No hope, so the best thing for many people is much higher taxes and then maybe they will get out of Illinois and start a new much better life some where else.
It is a shame, but the Pension Greed has DESTROYED Illinois for generations to come.