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.
I’m voting yes.
LOL The St Louis Post Dispatch should worry about taxes in Missouri where it is located.
Probably why they support the proposal. It will be a boon to Missouri.
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.
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.