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.
Again folks, the correct phrase is “Illegal Alien crisis.”
And there ought to be some empty rooms in the Hyatt.
“Barbarian Invasion” which has now been historically revised to “Migration Period”. Which is insane, because the Romans believed they were being invaded (and the barbarians were very much unwelcome) and the barbarians believed they were invading too, under the guise of a humanitarian effort, because of troubles in the Steppe to the east with the Huns driving out other barbarian tribes. But the communist historians of today whitewashing what everyone knew at the time to be happening, and call it “migrations”.
https://en.wikipedia.org/wiki/Crossing_of_the_Rhine
Spot on Debtsor. Our word “vandalism” comes from the illegal immigrants of Rome called “Vandals” and for good reason.
If JB actually knows this I’ll buy him 2 half pounders for dinner.
What’s it going to be Brandon, guns or butter? Will you fund the pensions or go deeper into debt in an attempt to stay true to Chicago’s sanctuary city claims? This could get ugly!
Funding pensions doesn’t advance the progressive cause. A bigger mob has taken over. They want money now.