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.
Hypocrisy at it’s finest – going to the most gerrymandered state in the entire country to complain about gerrymandering in another state.
What a circus. A complete waste of Illinois Tax payer time and money. None of this BS has anything to do with the State of Illinois or provides any benefit for the Illinois tax payer. JumboJB never thinks in those simple terms. Not a single politician in that picture cares about their constituents or the tax payer in anyway – just theatre.
Pritzker needs to focus on the mess he made here in IL. Leave other states alone. He’s not getting the presidential nomination, despite his delusions.
JB Pritzger – AKA ‘Gerry Mander’…
That’s pretty good. I can’t bring myself to retire the ‘JB the Hutt’ moniker for it, but that’s good.
Why are they staying a Q Hotel in St. Charles 40 miles from Chicago? Why not stay at a Hyatt Hotel in downtown Chicago and see the real world results of Democratic policies in action? Maybe take a tour of the west side.
St. Charles is a safer place to be. And they all know it
Democrats think it’s still 1980 — and voters don’t have infinite access to information. As if we don’t know that Democrats have been the masters of gerrymandering (much of it race based) for decades. This universal access to information (unfiltered by the Democrat-rigged fake news fraud media) explains why Democrats are seeing their lowest polling numbers ever.