-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
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.
Full interview and summary linked here.
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This is just another way for the fascist left to fund Big Education, it’s training ground for the next generation of fascists
The referenced IHDA program is called SmartBuy and there is another IHDA program called Opening Doors.
http://www.ihdamortgage.org
What to do if not enough people are buying homes in your state due to past government policy and financial mismanagement?
The government has two ideas and rest assured the government will not disclose the proportional overlapping debt (pensions, retiree healthcare, bonds, notes, past due bills etc.) attributed to those that participate in the programs.
How about those that have been dutifully paying their mortgages for the last 20 years?
Dreamers are eligible for free money.
Equity over equality.
Oh the irony of the double meaning of equity.
So, someone cannot handle a student loan.
And government thinks this is the best cadre to give a longer term housing loan to?
With all the unforeseen costs and fees associated.
Logic and reason are fleeting from the pandering class.
Wage slave, debt slave, dependency slave