Wirepoints’ Mark Glennon: Chicago Pension Buyout Plan Mostly Shifts Debt Rather Than Eliminates It, Property Tax Surge Doubles Inflation Over Three Decades – Audio – 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.