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Hiring of advisor marks a milestone in the troubled Illinois city's efforts to placate holders of defaulted bonds.
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Audio and summary Illinois bill would override local law to allow homeless living in all public parks – Wirepoints
April 14, 2026
24 Comments
If this bill passes, say goodbye to local control over all Illinois parks and expect to see open drug and alcohol use, needles, no sanitation and fire hazards, but no ordinary park users.
Mark Glennon on AM560’s Morning Answer: Chicago Fiscal Crisis Worse Than Pre-Bankruptcy Detroit, HIV Surge and Public Health Threat From Open Borders Goes Unreported
April 10, 2026
2 Comments
Summary and audio linked here.
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
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.
WBEZ and Chicago Sun-Times falsely blame Texas Gov. Abbott for 2020 to 2024 surge in Chicago Latino HIV, AIDS infections – Wirepoints Quickpoint
March 31, 2026
11 Comments
Expect no retraction or apology. This what they do.
I remember seeing Bob Fioretti in a debate with John Stossel on pensions. Stossel believes in pension reform and Bob Fioretti argued vigorously against pension reform. I wonder what his LLC earns in fees from Harvey, Illinois.
Yup, and it’s going to be funnier when Trump wins and then they have to make some real tough decisions as he and the Senate tell them to pound sand.
I’m not so sure Trump will win or the republicans hold the senate. Each day it looks more likely that the three branches of the government will be colored blue by the time of the presidential inauguration.
I laboratory experiment displaying the future of IL, bondholders and pensioners.
This has been a problem for Harvey bondholders for quite awhile. The state responded by forcing Harvey to pay (withhold state funds) into their pension funds first and let everyone else (bondholders, city employees, etc…) fight over the scraps. The pensioners are fine and continue to receive full payment.
The non-productive are the important people in Government.
The first question a new employee ask is when do I get my huge pension?
An 80 year old pensioner makes more in one year of retirement than he/she made in the first ten years of employment for the state,