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
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.
Mayor Brandon Johnson declined to answer questions about what would happen to migrants who reach the 60-day limit, which he said would be “tiered,” and have nowhere to go. After the news conference, Cristina Pacione-Zayas, Johnson’s first deputy chief of staff, told reporters that no one would be evicted from a city shelter as long as they were making progress finding a permanent home.
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.
60 day limit- gotta move them out to make room for more, more, more.
Migrants will slow to a trickle over the next several months. Most of these men don’t even have winter jackets as they wade across the Rio Grande.
So they can’t spend more than 60 days but won’t be evicted. How intriguing. So will they then move to County shelters or perhaps State shelters. Maybe they will be scattered around across the State al la Cabrini Green relocations. Or perhaps best of all, those liberal voting northerners accept them into their homes as a gesture of their liberalness.
In 60 days we will be in the middle of January and they will all be frozen to death.
Doesn’t the little kid’s basketball hoop just make you feel better? It’s the American dream!
There’s no ball playing inside the tent!
Maybe a soccer field or bowling alley or skeet shooting is permitted? LOL