-- 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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Send some of those “migrants” Gov. Abbott is sending to Union Station to Oak Park to “integrate” it. Ought to be fun to watch the reactions.
Oak Park segregates by property values and property taxes. Unless you’re going to rent an apartment on the east side of town or along Harlem Ave, you have to be upper-middle class to afford to live there.
Anyone who can afford a Frank Lloyd Wright home is upper class.
Oak Park constituency is self-selecting crowd too which makes that work. You could offer me a lifetime residency, for free, the nicest home in Oak Park, and I wouldn’t take it. I’d live in downstate Metropolis and enjoy living there before I stepped foot in Oak Park. Same goes for Evanston.