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
April 3, 2026
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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.
Again, nobody in the media/union/democrat crime family cares. It’s irrelevant or mis-information unless it helps them. This state is a microcosm of what they hope to do nationally. There is no intent to fix anything. There is no intent to make anything better. The intent is to steal as much money as possible from you while at the same time enacting laws and bringing lawsuits designed to shift your rights from you to them. In other words enslavement. They succeeded in Illinois and nothing short of a revolt will change that and the slaves known as Illinoisans don’t have the… Read more »
Meanwhile Harris the DEMS plan to increase legal immigration and pass amnesty for illegals.