-- 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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Racial bias in property appraisals?
More race-baiting nonsense. Bah!
Illinois Democrats Say Market Value Based Real Estate Appraisal Is White Supremacy
“unconscious bias among appraisers.” Hahahahah This is like Soviet style control – in Mother Russia, comparable sales do not determine price of home, Government tells racist appraiser the value of home; and now, racist appraiser lose license unless he mentor his BIPOC replacement. See, this completely insane progressive agenda is crazy town. This crap has to stop. The current issues with the appraisal industry isn’t race, it is age. Most appraisers are old. Less than 1 in 5 is under 40 years old and the average age is 50. https://www.zippia.com/real-estate-appraiser-jobs/demographics/ Moreover, this is typical of the progressives – blame racism… Read more »