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.
The Dept of Ed is a grift where billions of dollars are given away to reward Democrat supports and voters. Much of the federal government operates this way. As we know, most of Trump’s gov. spending was related to COVID, but nearly all of Biden’s spending was called ‘COVID’ but was an exponential increase in looting the treasury. Biden went on a hiring spree, that’s why there are hundreds of thousands of probationary worker that didn’t work for the feds prior to Biden’s term. He also created slush funds – as we are learning from the EPA/USAID/USDoE etc – just… Read more »
Founded in the late 70s what has the agency accomplished toward the goal of improving educational outcomes?
Please list five examples or face extinction.
If any programs are found to actually provide benefits WHICH HAVE IMPROVED educational outcomes, they and their budgets can be transferred to the states.
How can young people join the workforce and become productive citizens when they lack basic skills? The Department of Education has FAILED. Shut it down!
The Department of Education is a piggy bank for NGO’s
Captain fear monger is on the loose again, but never fear Captain America is back to handle fools like Pritzker