It is liberal hypocrisy as well as fraud to try to deliberately underfund pensions and accuse opponents of withholding tax relief.
Liberal hypocrisy was on full display recently when Chicago Mayor Rahm Emanuel attacked the Republican Governor of Illinois. According to the Chicago Tribune, Emanuel ranted,
“With a stroke of his pen, Bruce Rauner just told every Chicago taxpayer to take a hike. Bruce Rauner ran for office promising to shake up Springfield, but all he’s doing is shaking down Chicago residents, forcing an unnecessary $300 million property tax increase on them and using them as pawns in his failed political agenda,” Emanuel’s statement read. “Decades from now, the Rauner Tax will be this governor’s legacy in Chicago. His veto is harmful to taxpayers, and like everything he does, it is contradictory to his own supposed policy positions. It’s no wonder no one can trust him.”
What was harmful to taxpayers was making these pension promises that were never going to be fulfilled.
Listen to Emanuel a month ago explain that the pension crisis in Chicago had been started many years ago when the pensions were established but without adequate funding.
Emanuel claims to have inherited the problem. So what’s his solution? He wanted to reduce payments from the city while keeping the pension obligations intact. Thus, he wanted to leave the next mayor with an even bigger crisis.
It was no surprise that the governor vetoed the measure.
“This bill continues the irresponsible practice of deferring well into the future funding decisions necessary to ensure pension fund solvency,” Rauner wrote in his veto message to lawmakers. “The cost to Chicago taxpayers of kicking this can down the road is truly staggering.”
Why doesn’t Rahm Emanuel care about deferring decisions into the future? Duh. Because if leaves him to enjoy the benefits of throwing money around and pass on the consequences to future politicians. Millionaires are already fleeing Chicago. After he leaves office, Emanuel will be just another one of them. He doesn’t care if Illinois becomes the next Puerto Rico after that.