When Gov. J.B. Pritzker gave his inaugural address a couple weeks ago, he was candid about Illinois' financial problems with one exception. He mentioned nary a word about the pension dilemma or people like Burke who profit from it at the expense of the taxpayers who fund it.

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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

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.

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