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.
Kwame is pretty good at beating his chest when the game is in his favor. He’s quiet as a churchmouse when it comes to tackling the obvious, widespread corruption in IL he was elected to fight, though.
Go ahead moron, spend more of Illinois tax payer money in a legal fight that has absolutely nothing to do with us. The Illinois Government is as stupid as it is corrupt.
Hell, all TX law enforcement has to do is wait at the airport for the private planes to land. Or just wait at the entrance of the TX statehouse. Why burn calories and money going to IL?
If the Texas Rangers were to send their underage children to Madiganistan, Kwame would be front and center to ensure they can permanently disfigure themselves.
Kwame knows full well that the Texas warrants aren’t valid in Illinois and he’s counting on his room temperature IQ voting base to fall for more of his feckless nonsense.
Send in the FBI then what Kwame