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
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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.
By all means, let millions of people sneak into the country, afford them everything they need and now let them call the shots. America is doomed unless we eradicate them- Dearborn and Minneapolis are but two examples.
So, more illegals to represent the Chicago population? Perfect scenario, get people on the board that have little to no skin in the shell game of public funding. Better yet, why don’t we ask Chris Welch about accountability of public schools? The public schools are so bad he just proudly announced his kid is going to nazareth academy. Speaker Emanuel “Chris” Welch on X: “With two months to go before 8th grade graduation, I’m proud to report that Tyler is taking his talents to Nazareth Academy for high school. He is so excited to be a part of the Roadrunner… Read more »