Commentary: State Lawmakers Against State Bailouts – Newsweek

"Illinois has committed to over $486 billion ($38,000 per resident) in bonded debt and unfunded public pension and OPEB liabilities—equal to 56 percent of the state's GDP. It should come as no surprise that leaders in Springfield are now at the front of the line to support a federal bailout of states."

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Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

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