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
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.
Asked whether the Think Big effort telegraphed Pritzker’s future prospects as a presidential contender, Communications Director Christina Amestoy said: “The governor is extremely happy being governor right now. … He’s looking at what’s at stake. He sees himself as having a role.”
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.
JB cares nothing about Biden. He sees Biden as a placeholder until JB’s rightful coronation takes place.
Now here is an interesting comment. Pritzker’s mouthpiece says that he is “extremely happy being Governor” right now. Rather interesting comment being he is deliberately making many others miserable in Illinois. To think as weird as he is people actually vote for him