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 left is at it again spewing fears on the need for battery cars. Lets look at some of the past leftists fear campaigns 1960s – ‘Oil will be gone in 10 years. We need millions to fix it.’ 1970s – ‘There will be an Ice Age in 10 years. We need millions to fix it.’ 1980s – ‘Acid rain will destroy all the crops in 10 years. We need billions to fix it.’ 1990s – ‘The Ozone layer will be destroyed in 10 years. We need billions to fix it.’ 2000s – ‘The glaciers will all melt in 10… Read more »
Oddly enough the climate does change, but it has nothing to do with humans.
Exactly, would someone please inform the mental morons in Washington.
Here is an article on the costs of owning a EV when you factor in all the subsidies.
https://www.naturalnews.com/2023-11-07-ev-costs-17-dollar-per-gal-of-gas.html
Saw that yesterday. There was an article behind paywall in Bloomberg, summary said Lucid loses an astounding 338,000 on each Air they sell. Thank God we are underwriting a rich man’s toy.
The public does not have a clue when it comes to good economic decision making. Most people from the CPS cannot even read at grade level. How can anyone allow them to decide on major projects?