Commentary: Public pensions are at risk of insolvency, but COVID-19 is not to blame – Chicago Tribune

"COVID-19 was at least a dress rehearsal for how state politicians will handle the crisis when it inevitably comes. The way politicians in Illinois responded — by asking Congress for $10 billion in pension funding as part of a more than $40 billion bailout request — should serve as a warning for taxpayers across the nation."

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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.

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