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
9 Comments
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.
Whose being dragged before a Federal judge?
Giving special funding to the American Indians is the problem. DEI is now dead
DOJ needs to investigate CPS and CTU. CTU is not a union, but a political group.
Tip of the rotten corrupt iceberg known as CPS – more to come.
Any interest , fees, penalties etc. for knowingly defrauding the government out of money? Joe Average would be up to his eyeballs in trouble were he to pull a scam such as this.
Taking/stealing federal education money by adding other ethnic culture students into the count of American Indian students. it’s ok until they got caught.
Good Catch Feds!
Liz “Pocahontas” Warren told CPS how to pull off this hustle. Warren is also trying to copy NY AG Leticia James, by making false statements on the mortgage for her teepee.
Paging Liz Warren……