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.
Hey where’s that pension leech? We need him telling all you slaves that you have to pay up. Higher taxes are the answer. Pay your fair share. If you ever voted for a democrat in Illinois, this is what you voted for. Now pay up and shut up like the good little slaves that you are. They will take whatever they can and you will say “yassum massa.” I know, maybe if you vote for another democrat like Harris, it will all change. Your stupidity is astounding.
All talk, but don’t expect anything to happen just yet. The politicians aren’t about to piss-off the electorate and get themselves voted out. I mean, they didn’t even acknowledge the almost equally frightening unfunded benefits liability associated with those pensions. Those lights you see at the end of the tunnel are the double barrel pension and benefits train that are going to run over the remaining residents in Illinois. Best to get out of Pritzkerville before it happens.
How about fiscally responsible to the tax payer!! With out us there are no jobs needed or pensions!!
How about a out of state pension service fee.
Any pension payment made to a non Illinois resident has a 10% service/processing fee.
Illinois pension recipients should be contributing back to the state that’s paying it.
Courts would strike it down.
Why it’s a out of state service fee.
Illinois already has some out of state service fee’s.
In Illinois using a credit card on line is a service fee so they are taxing services.
The courts would strike it down because it violates federal law. The law prevents states from “source taxing”. Trying to be cute and calling it a service fee wouldn’t change it from a tax to a fee. Could you imagine the state changing our income tax structure to a progressive one that violates our constitution? Pritzker and Democrats could say we have a flat tax but Illinois will also collect an additional “service fee” on incomes above a certain amount. The more you make the higher the percentage of the service fee. “See? Still a flat tax but now we… Read more »
Your selective-user fee is simply a tax with a cuter politically motivated name as a simplistic disguise, and no court is going to be deluded into accepting the underlying concept as constitutional.
Panels. Committees. Sub Committees . Findings. Resolutions. Opinions. Suggestions. Tax payer funded hot air of no consequence.