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A full obituary is linked here.
Summary and audio linked here.
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.
Full interview and summary linked here.
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That’s too bad. He was a class act and I always enjoyed reading what he had to say. Farewell for now, friend.
My condolences to Msall family, very tragic passing away at 61.
But big question, with passing of Msall, who are all the fake progressive fluffers for the machine writers at crains, trib, st, wttw, wbez, etc going to go to for stories on Illinois astronomical pension debt to pretend somebody cares about chump taxpayer/homeowner with middle of the road Msall gone? certainly not WP or IPI? I’ll expect you’ll hear more maritire, mendoza & martwick spinning the same old fake math & reviving graduated tax schemes