-- 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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All you need to see to understand how public housing is a doomed to fail disaster — the first season of ‘Good Times.’
A lot of this puff was done when — guess who– Valerie Jarrett was head of CHA. It is another story the mainstream media won’t touch. She was an absolute disaster for low income housing in Chicago. Her entire concept of taking down the big low income high rises and replacing them with housing spread all over the metro area (the famed “scattered site housing initiative”), was a total disaster. Years behind schedule, huge cost overruns, and choking bureaucracy. Fortunately for her, her buddy Barack, got elected President and transported her to DC so she got out of town just… Read more »
Most of the homes are probably in Florida!