Chicago’s Southland residents keep getting hit with more debt and taxes while their politicians do nothing about it. – Wirepoints on with WVON’s LaDonna Raeh

Ted joined LaDonna Raeh of WVON to talk about the state’s $172 billion in official pension debts, the problem with having two classes of workers in Illinois, the need to move government workers onto 401ks instead of pensions, the crushing power of Illinois’ public unions, why Wirepoints writes about the problems impacting the Southland community, and more.

 

Read more from Wirepoints:

SIGN UP HERE FOR FREE WIREPOINTS DAILY NEWSLETTER

Home Page Signup
First
Last
Check what you would like to receive:

FOLLOW US

 

WIREPOINTS ORIGINAL STORIES

Mark Glennon on AM560’s Morning Answer: Chicago pension buyout plan mostly shifts debt rather than eliminating it, property tax surge doubles inflation over three decades

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.

Read More »

WE’RE A NONPROFIT AND YOUR CONTRIBUTIONS ARE DEDUCTIBLE.

SEARCH ALL HISTORY

CONTACT / TERMS OF USE