-- 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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The non-teardowns will become the abandoned, later to be torn down anyway.
Move out and your guilty of White-Flight, move in and your guilty of gentrification. What’s a man to do?
Move to Tennessee and make it redder.
This policy is entirely backwards, the City should be encouraging such tear downs and renewal of the housing stock.Encourage development, don’t tax it.
Constitutional property rights are just ignored — for this performative race hustle fraud