-- 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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Wait, whaaaaaaaaaaaat? I thought RACIST WHITE CIS-GENDERED MALE APPRAISERS were responsible for lower home prices? I’ve been told that racist appraisers were systematically devaluing Black neighborhoods because Black people lived in Black neighborhoods. I had no idea that violent neighborhoods with high crime – regardless of race – would have lower home values? This counters the narrative I’ve been told! But this makes no sense. Englewood homes are valued at $102,000 but Lincoln Park is valued at $640,000. It’s not because Englewood’s housing stock is 100 years old and dilapidated and lacks basic insulation, no no no. It’s RACISM that… Read more »
Those homes in Englewood were once neat and clean. Yards maintained and well kept. What happened………..?? Three guesses, first two dont count.