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.
God…taxes suck but here’s all the things we should spend more money on…I’m seriously starting to feel depressed.
Not surprising a Survey like this doesn’t ask these questions:
Are you or ever were, a public sector employee? Will you vote D or R ?
Are you currently working full-time in the private sector? Will you vote D or R ?
Are you currently not working, and thus receiving AFDC or SNAP payments ? Will you vote D or R?
This’d show what the Democrat Party is all about: financially raping the private sector.
The most interesting result to me was “respondents reporting income of less than $60,000 (65%) are more likely to favor the graduate income tax than those with incomes of $60,000 or greater (51%).” That tells me that there is there is big push back from the middle class that would pay more. Only 57% of survey respondents say they favor a proposed graduated income tax in general, which is much lower than other surveys. I still think such a question should read: “ARE YOU IN FAVOR OF A GRADUATED INCOME TAX – IN WHICH THOSE WITH HIGHER INCOMES ARE TAXED… Read more »
This report is depressing. How so many people can be such complete idiots and have such warped perceptions is beyond me. As if we did not already know,the state is doomed because the majority of the inhabitants are fools.
The majority of Illinois voters have no clue how bad the states finances really are. Sure, they know the state has problems, but they think they are solvable and don’t realize it’s already much too late to fix. If you tax more, more people leave. If you tax less, you have to spend less, and the majority liberal voters would never accept that solution. So I agree P M, the state is doomed because of fools. All we can do is make sure our loved ones know the situation and encourage them to leave Illinois now. Later we can all… Read more »