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.
Absolutely once they get people to agree to something other than the fixed income tax, the progressive income tax is in. EVERYONE’s taxes will go up.
Yep, vote no. Any change is bad and you cannot go by the simple title of any bill or proposed law…because they lie right at you. “The Inflation Reduction Act” is a perfect example.