Audio: Wirepoints’ Mark Glennon says Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades – Chicago’s Morning Answer
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.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Illinois lost another 54,000 tax filers and dependents, net, according to the IRS. Since 2000, fleeing taxpayers have taken $94 billion of annual adjusted gross income with them.
Who are the 28% that think he is doing a good job? And why are they running loose on our streets?
As if Brandon’s boss Toni Preckwinkle cares what his approval rating is. Hahaha!
Wait ’til Chicagoans get to meet their new mayor, is approval rating may not make the teens…
Isn’t that the same approval rating as Kamala? Hmmmm.
I bet his approval rating is 80% with the folks that actually bothered to vote
Bingo!!!
Surprised by the 28% favorable opinion. Must be compilation of BJ administration appointees and their minions, CTU administrators and woke teachers, marxist college students, and those folks who profit from the ongoing disarray.
Shows they are not the majority. They are only magnified by the corrupt left wing press, which a lot of stupid people believe. If Chicagoans actually bothered to vote in the last mayoral elections, perhaps the outcome would have been different. An interesting thought, what would Vallas do in this current mess!