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
9 Comments
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.
The helicopter did not land as PIGSTER is saying .
One wonders whether CWBChicago, Chicago Contrarian and Wirepoints are in Pritzker’s news feed. The better question is why that building is in such horrible condition from safety and sanitation perspectives and why those kids are living in those conditions with city knowledge not to mention being surrounded by the Venezuelan gangs.
I imagine all these things, not for a child in South Shore, but for a neo-Confederate billionaire promoting insurrection against the Federal Government.
Let’s hope the Feds have zip ties in XXXL size.