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.
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.
Round Boy must think that only Crook county and Chicago are Illinois
Round boy Pritzker is mistaken. Trump got far higher election numbers in Illinois than anyone thought possible. As usual , Round boy is not correctly reading the room , but simply projecting his own disdain.
He’s very popular in my house pritzker and I’m in Illinois. He is also popular in many places Ive seen. So don’t speak for everyone.
JB’s echo chamber delusion is deep and nearly complete. Right now JB’s delusion has him convinced that he is the front runner for the 2028 Presidency. Meanwhile, he is screwing over the taxpayers of Illinois towards that goal of fashioning himself as the most ‘Progressive’ politician in the US. Plus Jabba is convinced that he can purchase the national media for his propaganda purposes. After all Karmela spend $1B in three month’s and in JB’s mind, she nearly won. JB has even more of his daddy’s money so he thinks that election is a cinch.
Pritzker is a disaster for Illinois, his explosive spending, creation of permanent costs but using temporary money is accelerating the pace of financial deterioration that democratic control in Springfield for decades creates. He decries tariffs as a tax on residents, what they are his taxes if not state tariffs?
Oh hell of a lot more popular than JB. Trump is continuing to surge in the polls undoing JBs unpopular policy’s and financial disasters.
Considering that Trump tends to underpoll by 4-6 points, he’s likely over the 50% mark in Illinois. They’re just sore losers, they complain that Trump only cares about himself, or they think Elon is looting the government, while ignoring that it’s actually Democrats that have been looting…
I hope and pray that there is going to be accountability for these corrupt evil wicked politicians, you to Pritzker
Really JB?
https://www.fox32chicago.com/news/trump-illinois-approval-rating-new-poll
And what about the policies your putting in place Pritzker that are hurting everyone, population down businesses down people fleeing every day, Illinois is now the murder capital of the country due to your abortion laws in this state, you Pritzker are truly a danger to everyone in Illinois I see and hear what you have and are doing to working class families, Pritzker you stink .
The liberal abortion laws in Illinois is something the state democrats are very proud of. After all, it’s for the children.
A perfect example of their mental disconnect.
And in the face of multiple sources of data, he will lie to everyone’s face and say that people are not leaving!