Editorial: We recommend Illinoisans vote ‘yes’ on the Fair Tax amendment – St. Louis Post-Dispatch

"The cost of that debt eats deeply into state income and services and has left Illinois with America’s lowest credit rating, at just above junk status. Republicans within and outside Illinois love to lay all this on the state’s current Democratic power structure, but in fact it’s an ongoing crisis that has been driven by decades of inadequate pension funding under both parties."
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The True believer
5 years ago

I’m voting yes.

Riverbender
5 years ago

LOL The St Louis Post Dispatch should worry about taxes in Missouri where it is located.

Rob
5 years ago
Reply to  Riverbender

Probably why they support the proposal. It will be a boon to Missouri.

anonymous
5 years ago

Vote NO.
If you think that this is going to hit the people that have the money in the state you are dreaming. It is going to be for the common man.

James
5 years ago
Reply to  anonymous

That’s my take on it, if not immediately as soon thereafer as the strategy for doing it can be formulated, memorized and said by all in power without laughing or even grinning. That last part might take awhile longer.

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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