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From an actuary, Mary Pat Campbell: "Shamtacular, one may say. And the shammiest of shamtaculars is what happened with pensions.
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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
29 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.
Moodies is in on the whole scam if they raise Illinois rating. The rating agencies are now the taxpayers worst enemy. Who would have guessed that blatent Ponzi scams can be ignored by rating agencies.
The way this should be done is:
Step 1, the general assembly passes legislation that allows for municipal bankruptcy
Step 2. The state petitions the federal Government to allow State’s to declare bankruptcy (this does not have to go anywhere, it is a gesture of intent, unlike municipal bankruptcy which needs to become a thing)
Step 3, now offer a pension buyout that is abut a 60% haircut. I bet you will have many takers once the stage is set properly.