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.
There is absoulutely no way that the tax would have been “Fair”. Pritzker and his family are billionaires and they would have wrangled their way out of paying their “Fair” share and it would have fallen to those who pay less to make up the difference. Also to allow the Illinois government not to have to put forth when they were going to raise or change taxes for a vote by the citizens is the pathway to socialism and communism which is where Pritzker, Durbin, Lighthead and Duckworth and Madigan are aiming .