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.
Chicago is better than National Lampoon.
That’s all they’ve got! We’re hoping! Next they’ll cross their fingers. They don’t even try to bllsht through it! Saying something stupid is preferable to shrugging their shoulders. Our Dear Leader holed up in her fortress, guarded by 470 police officers.
Its like a second marriage. The triumph of hope over experience.
Smoking the last hit of Hopium from Obama.
This summer will be every bit as safe as Browns goal of only 300 murders for last year. When the actual total hit 769 it proved to everyone the we have a top cop who is in excruciatingly far over his head. Hope is not ever an effective solution. Hope is only a plan for continued failure.
Why do they even say things like this? They know they are lying; we know they are lying; They know that we know they are lying, we know that they know that they are lying, yet they continue lying.
It’s going to be a violent summer due to tens of thousands of 13-40 year old males almost completely disconnected from mainstream society.