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.
This disaster is all due to
Biden, Pritzker and Brandoall supporters of sanctuary cities and states, e.g. Democrats. More blood on their hands.This is very true. As soon as the Venezuelans got here there were organized theft rings, and that’s just the baby stuff. These people are flat out desperate and dangerous. They didn’t come here to build a nice life for themselves, they came here to rape and pillage. They don’t give a damn whether they live or die, and they care nothing about who they take out along the way. This disaster is all due to Biden, Pritzker and Brando, the three most despicable stooges you’ll ever see. Biden is done, and he’s showing his true vile colors on the… Read more »