To the Editor:
Every day, we read stories about a lack of progress in resolving this pension crisis.
Earlier this month, Illinois was downgraded again by rating agencies for lack of action. Illinois is ranked as the worst state in the union for state finances. It is embarrassing that its citizens have such poor leadership.
It seems obvious that they are just going to let the pension funds run completely dry before they take any action.
I enjoy living in Illinois, but I certainly am willing to move on to another, more financially balanced state before my taxes go through the roof over this mess. Taxes in Illinois already are high, and the pension crisis is making it worse.
I would like to see the Illinois Constitution changed to protect homeowners and citizens by capping tax increases at a state and local level. Many of my retired friends on public pensions already have moved to Florida and Arizona and have their checks sent down there.
I don’t blame them for leaving this all behind. Do you?