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.
That’s one thing I miss about Michigan. No sales tax on grocery store food and medicine. Yes, it can be done; even in a Blue state.
Just wait till Democrats pass an automatic grocery tax hike — like they did for gasoline
When a state routinely mismanages taxpayer funds, additional and increasing taxes are the norm.